EUROPEAN UNION PRIORITIES FOR THE CONCLUSION OF THE INTERNATIONAL TRANSATLANTIC TRADE AND INVESTMENT PARTNERSHIP AND ITS POSSIBLE IMPLICATIONS FOR THE EU

The aim of this paper is to identify the reasons for TTIP negotiations on the European Union side, clarify priorities by the European Union in the negotiations will be applied according to the above Directive and provide an overview of basic anticipated impacts of the closure of TTIP for the European Union. Possible risks are also on the probable introduction of the dispute settlement mechanism of the information system of data boxes (ISDS) between the investor and the state where the authors of this paper tend to a variant of legal proceedings before national courts with the option of judicial structures of the European Union. ISDS set mechanism is a normal part of trade agreements and remains a challenge for the negotiators from the ranks of the EU to act such conditions that the Member States, but investors were provided with sufficient guarantees of an independent and professional decisions in resolving their disputes. Probable barriers to effective use of opportunities that TTIP will mainly businessmen, but also for consumers the author sees the contribution of inadequate transport infrastructure of some EU member states and low competitiveness of some national economies. We must also reckon with the possibility of certain currency fluctuations, particularly in countries that are not part of the Euro zone.