The Impact of Transatlantic Trade and Investment Partnership (TTIP) on the USA and European Union Strategic Cooperation

The main aim of the paper is presentation of the impact of TTIP on the USA and European Union strategic cooperation. It has been underlined that the discussions would result in less regulatory restrictions. Reducing dead weight costs and boosting net social advantages from trade are the two main goals of new trade agreements. The research specifically looked at the role of investor-state dispute settlement systems in limiting national governments' regulatory authority and eliminating market inequalities. In an effort to provide insight on potential strategies for overcoming regulatory divergences, the article provides instances of successful regulatory cooperation efforts. The best method to solve issues brought on by regulatory difference would ideally be on a multilateral basis. The particulary objective of the research task are the regulatory trade barriers in USA - EU foreign trade policy, the nature and the promoters of the TTIP, interrelationship between regulatory standards and international cooperation in the TTIP. The general theoretical approach will be of broad interest to economists interested in international questions especially transatlantic cooperation as well as to political scientists. It was used the institutional method, comparative method, the documentation method and statistical methods. Additionally, it used also, the methods of deductive and inductive forecasting.