PREDICTED RESULTS OF IMPLEMENTING TRANSATLANTIC TRADE AND INVESTMENT PARTNERSHIP FOR AGRICULTURAL SECTOR

Issues regarding agriculture are the most difficult topics in negotiations of the Transatlantic Trade and Investment Partnership between the European Union and the United States. The aim of the paper was to show the potential influence of the entry into force of the Transatlantic Trade and Investment Partnership at the agri-food sector in Europe. It shows the importance of agriculture in the economies of the United States and the European Union followed by an analysis of the effects of liberalization of the transatlantic agricultural trade. It was stated that relatively easily can be determined issues concerning the reduction of duty tariffs, although larger benefits in this title was reached by the United States than the European Union. Much more difficult it will be to reach agreement on the non-tariff measures and especially some of the sanitary and phytosanitary barriers. This is mainly due to the fact that the EU standards on food safety are much higher than American standards.