Evaluation of the impact of transatlantic trade and investment partnership agreement between EU and USA on the export of Lithuanian agricultural and food products
EU negotiations with the US on Transatlantic Trade and Investment Partnership agreement is a priority issue in EU Trade Policy. Economic benefit expected as well as many doubts and concerns arise about the content of the agreement. TTIP agreement will have a direct impact on Lithuania, as an EU Member State. It is important to investigate the Lithuanian agricultural and food exporters’ plans and expectations of the opening of the US market, to represent properly their interests and to make suggestions on how to overcome emerging threats. The main goal of the article was to prepare recommendations to Lithuanian agricultural and food exporters for market development. Article was based on expert evaluation and SWOT analysis. This article deals with the results of the assessment. The qualitative study showed that there is expected a strong breakthrough of gluten wheat, meat and meat products, and bakery products’ exports from Lithuania to the United States. A slightly smaller but no less important growth is projected for dairy products’ exports. Among the exports from Lithuania to the United States a moderate increase is expected for ice-cream, crab sticks and fish products, chocolate and beer exports, mainly due to the already available experience in the American market.
JEL codes: F13, F53, Q17.
Article in: English
Published on-line: 2014-11-18
Keyword(s): transatlantic trade and investment partnership agreement, foreign trade, export of agricultural and food products
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Management Theory and Studies for Rural Business and Infrastructure Development eISSN 2345-0355
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