ФРГ на пути к трансатлантическому партнерству: перспективы и внутренние противоречия
The System of GATT/WTO worked rather good for about 50 years producing required trade rules. In XXIc. International trade changed profoundly. But the WTO did not adapt to the changes. The megaregional trade agreements like TPP can provide trade with some modern rules but cannot bring universal solution. It is time to start to consider a system of multi-pillar global trade governance with the WTO as a central pillar. This system will be a new system of Global trade governance.
The article deals with D.Trump external economic initiatives within six months of his presidency. A critical look is taken on US withdrawal from Trans-Pacific Partnership and suspension of Transatlantic Trade and Investment Partnership talks with EU. The author emphasizes a danger of possible US disregard for the universal trade rules i.e. WTO rules. Special attention is drown to a negative reaction of main US economic partners to protectionist tendencies of new American administration politics as well as to their determination to follow the markets liberalization and economic globalization. One of the main conclusions made by the author is that Trump team insisting on the desire to make America Great, in fact departs from the basic principles of foreign policy and economic course of the country which were not questioned by any of its 44 predecessors.
The author analysis he results of the first half of D. Trump's presidential term, including the domestic economic sphere, trade policy, foreign policy, as well as the specific style of the President in team building. Over the first two years, Trump has improved a number of economic indicators of the country, but positive trends are unlikely to be long. The author critically assesses Trump's attempts to establish a" new economic order "in the World with his slogan"America first". The protectionist policy of the new President led to a serious aggravation of trade and economic relations not only with China, but also with traditional Western partners of the US. The new head of the White house completely departed from policy principles pursued by his predecessors since the 1930s, which seriously affected relations with Europe, in relations with which he is trying to move to a bilateral basis. Referring to surveys in various countries, the author points out that the authority of US policy under D.Trump has decreased despite his statements to the contrary. As for the prospects of re-election of the current President, the chances of Trump are still small, because he was unable to expand the coalition supporting him.
Regional integration reached a new scale. TransPacific Partnership and Transatlantic Trade & Investment Partnership will have a profound impact not only on their participants but on the whole World trade as well.
Regional economic integration has been in progress for about 150 years. Modern globalazing economy generated new level of economic integration, Megaregional trade agreement (MRTA). The chapter deals with process of creation of current MRTA, as well as with future interaction between MRTA and WTO.