The development of EU value added exports and the potential influence of TTIP.

In this thesis we have given an overview of EU value added over time and specifically of EU value added exports to the US. By means of a gravity regression we have tried to estimate the potential impact of TTIP – i.e. a reduction in trade costs (tariffs and Non Tariff Measures) – on EU value added exports to the US. We found that the presence of trade costs has a small negative impact on EU value added exports to the US. Finally we have estimated the impact of trade cost reductions in TTIP on EU value added exports to the US.