From economıc protectorate to the transatlantıc trade and ınvestment partnershıp: A new-age relatıonshıp between the european unıon and the unıted states?
UÇKAN DAĞDEMİR, Elif
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The European Union (EU) and the United States (US) are the largest economies and the biggest trade and investment partners of the world economy. The relations between the EU and the US are vigorous and are rooted in centuries of shared economic and political heritage. In this article, trade relations between the EU and the US after the Second World War are examined. Besides the trade data between the parties, the investment data are also evaluated to provide insight into the magnitude of the transatlantic marketplace. The aim of the paper is to inquire whether the newly-initiated Transatlantic Trade and Investment Partnership pledges new dimensions and expansions to the existing relations or just a new sight to the status quo. The paper offers an appraisal and evaluation of the trade relations, taking into consideration the main trade disputes, and it intends to provide a precise assessment of the Transatlantic Trade and Investment Partnership.