Transatlantic Free Trade Area
- Transatlantic Free Trade Area
The Transatlantic Free Trade Area (TAFTA) is a proposed free trade area between the United States and the European Union (and their related areas, see EFTA and NAFTA) in reaction to the growing economic power of the People's Republic of China. It was considered in the 1990s and again in 2007 but no firm plan has been made. Economic barriers between the two are already low and some efforts to ease trade have been made, such as the single sky aviation agreement and the establishment of the Transatlantic Economic Council.
ee also
* Trade block
* Transatlantic Economic Council
References
* [http://www.danieldrezner.com/archives/002912.html Will there be a TAFTA?]
* [http://www.ft.com/cms/s/0/0afd0d80-4520-11db-b804-0000779e2340.html?nclick_check=1 Merkel ponders Atlantic free trade zone (Europe-U.S.)] , Financial Times 2006
* [http://www.iht.com/articles/1995/06/21/edroy.php A Trans-Atlantic Free Trade Area?] , Financial Times 1995
* [http://papers.ssrn.com/sol3/papers.cfm?abstract_id=326140 Assessing Proposals for a Transatlantic Free Trade Area] , SSRN
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