The Transatlantic Trade and Investment Partnership is a joint endeavour of the EU and the US and is about bringing growth and jobs to both sides of the Atlantic by boosting trade and investment, said José Manuel Barroso, former European Commission President during the G8 Summit on 17 June 2013. Both parties have carried out negotiations for over two years.
Emerging Europe spoke to Cecilia Malmström, European Commissioner for Trade, about when she expects the TTIP negotiations to be completed.
Continue reading Our Goal Is a Good Deal For Europe
In 2015, Polish companies exported goods and services worth nearly €179 billion (£140 billion); 7.8 per cent more than in 2014. Back then, the country had a trade deficit of almost €2.7 billion (£2.1 billion). Last year, Poland achieved a €3.7 billion (£2.9 billion) trade surplus with its largest export markets being Germany, the UK, the Czech Republic, France and Italy.
Emerging Europe spoke to Micheal Dembinski, Chief Adviser at the British-Polish Chamber of Commerce, about the internationalisation of Polish companies and their expansion to the UK and the US. Continue reading Polish Businesses In the UK And the US—Perceptions And Realities
There are 1.77 million companies in Poland, of which 99.8 percent are small or medium enterprises (SMEs). The totality of companies generates 73 percent of the country’s GDP with the SMEs contributing 48.5 percent. However, when it comes to export, it is the SME’s who face the biggest obstacles in entering foreign markets, especially those outside the European Union.
Emerging Europe spoke to three representatives of Polish employers’ associations about TTIP and the benefits or threats that could result from the trade deal, which is currently being negotiated between the European Union and the United States. Continue reading Inside TTIP: Discussing Pros And Cons With Polish Business Associations
In October 2015, the Trans-Pacific Partnership (TPP) negotiations were completed. Since then the context of the Transatlantic Trade and Investment Partnership (TTIP), which is being negotiated by Washington and Brussels, has changed. It is hard to state, unambiguously, whether an American ‘no’ to the ratification of TTP would be a positive or a negative message for Europe. However, one can say that, despite a formal distinction of the two processes, the future of TTP will have a measurable influence on the engagement of both Americans and Europeans in the TTIP negotiations. Poland, in particular, should be interested in the success of the transatlantic initiative. Continue reading TTIP: With Or Without? The Impact Of TPP On TTIP Negotiations And Why Poland Should Be Concerned About It.
If the European Union wants to grow further, it needs a strong motivation and a levée en masse of entrepreneurs and consumers. The Trans-Pacific Partnership or TPP, which was signed recently, has created a market of 800 million consumers, generating a joint GDP of around $28 billion. Where the Transatlantic Trade and Investment Partnership (TTIP) is concerned these figures come to about two thirds of those amounts (500 million people and a joint GDP of some $17 billion). Continue reading TTIP Is a “Must” For the Entire European Union
2016 is a very critical year for TTIP, and a conclusion of negotiations couldn’t come soon enough for small and medium size companies (SMEs). Nearly 95,000 out of the 28 million US SMEs export to the EU, while about 150,000 of the 20 million SMEs in the EU export to the US Most SMEs do not have the human, financial, or time resources that larger companies have to develop export markets when faced with tariffs, complex customs procedures, duplicative and expensive regulatory approval requirements. These barriers are cost prohibitive for too many SMEs. Continue reading With the US Presidential Election This Year, 2016 Is Critical For the TTIP Negotiations
Negotiations over the Transatlantic Trade and Investment Partnership between the EU and the US are one of the most transparent trade negotiations ever. At the same time, there is a lot of criticism about a document which has not yet been fully negotiated and will have to be ratified by the European Parliament and the 28 national parliaments before it comes into force.
Emerging Europe spoke to Professor Danuta Hübner, a Member of the European Parliament and former European Commissioner for Regional Policy, about how Polish consumers, companies and the entire economy can benefit from TTIP and why the EU needs a trade agreement with the US.
Continue reading How Can We Judge a Document That Has Not Yet Been Negotiated?
Poland’s economy has deeply transformed from centrally managed and technologically underdeveloped one to a free market economy that is mostly privately owned, thereby coming up to the expectations of the most demanding economic partners in the world. The change was gradual yet steadfast, first resulting in exports to neighbouring countries, then progressing to growing sales in the European Union member-states, particularly Germany, finally reaching more distant markets. Continue reading Increasingly More Polish Companies Are Looking For Trade And Investment Opportunities In the US
Over the last decade, nearly 22,000 Polish nationals have launched businesses in the United Kingdom, thus becoming one of the most populous group of migrant entrepreneurs in the country, says last year’s comprehensive research by the Centre for Entrepreneurs and DueDil.
Continue reading A UK Presence Can Help Companies Benefit From TTIP Even More
Statistics show that on average only 20 per cent of companies in a particular country are able to export to distant markets. Polish Manufaktura Doti proves that even a smaller family firm can be an exception. What counts is creativity, persistence and hard work.
Emerging Europe spoke to Dorota Mroczkowska, owner and CEO of Manufaktura Doti, about how the company she set up with her husband made its way to the United States.
Continue reading Manufaktura Doti — It’s a Sweet Deal
Eliminating trade barriers between the United States and the European Union, according to Brussels-based Centre for Economic Policy Research (CEPR), can bring a net benefit of €545 for each European family of four per year. The GDP figure in the Union would be higher by €120 billion and by €90 billion in the US and finally by some €100 billion in the rest of the world.
Continue reading Exaggerated Resistance To Mutual Recognition Of National Standards Can Kill TTIP
About 70 per cent of Poles believe that TTIP will be beneficial for the country’s economy. Companies from Poland also share this optimism. The Polish Ministry of Economic Development is currently trying to anticipate all the possible challenges and difficulties that Polish firms might face once the EU-US deal has been finalised.
Emerging Europe spoke to Mieczysław Nogaj, Director of the Trade Policy Department at the Ministry of Economic Development, about which sectors might be most vulnerable after TTIP is in force and what measures should be introduced to increase companies’ competitiveness. Continue reading Before Poland Joined the EU, There Was Also a Lot Of Criticism The Accession Would Be Devastating To the Polish Economy
Unlike with joining NATO and the European Union in previous decades, Poles do not generally perceive the now-negotiated TTIP as an obvious sign of economic and cultural advancement. With barely existent media debate on the issue, they do not seem to view it as a major opportunity for the development of the country’s economy and their own businesses. Continue reading Amid Uncertainties About TTIP Hopes And Fears Emerge
Historically, the European Union and the United States have been indispensable allies improving the global economy and facilitating international trade. Together they oversaw the formation of international institutions whose goal has been to stabilise the economic order around the globe: the World Bank, the International Monetary Fund, the Organisation for Economic Cooperation and Development and, finally, the World Trade Organisation.
Continue reading TTIP Answers the Need To Boost the Post-Crisis EU And US Economies
The way Poland is perceived globally has changed considerably in the last few years. Firstly, because the country enjoys an uncommon, very attractive economic stability and, secondly, because of a unique Polish feature — our extraordinary human capital. The recent economic crisis has enabled Poles to demonstrate their common sense and optimism.
Continue reading British firms now see benefits of their relations with Polish businesses in the UK
The currently negotiated trade agreement between the European Union and the United States (Transatlantic Trade and Investment Partnership, TTIP) provides an opportunity to deepen the integration of both economies, including the Polish one within the EU. In times of constant search for expansion opportunities, well-negotiated TTIP terms create unique opportunities for business.
Continue reading TTIP And SMEs: Removing Barriers And Fostering Trade