Wednesday, October 26, 2011

How important a trading partner is the EU?

European Union Delegation to the United States

The $4.28 trillion partnership! between the EU and the United States represents the largest and most integrated economic relationship in the world. Transatlantic trade in goods alone is worth more than a billion dollars a day, and the transatlantic economy provides jobs for an estimated 15 million workers on both sides of the Atlantic.

Every day, our closely interconnected relationship in the areas of trade, foreign investment, and foreign affiliates creates and sustains jobs for Europeans and Americans alike. However, as the economic and financial crisis has demonstrated, we cannot afford to rest on our laurels. Instead, we must build on our relationship and our achievements to date to support the growth of the transatlantic economy and the employment it provides. This requires removing regulatory barriers, liberalizing new segments of the transatlantic marketplace, and investing in future-oriented fields like clean energy and emerging technologies.

I invite you to learn more about transatlantic efforts to create jobs in the current issue of EU Focus.

João Vale de Almeida


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