The Transatlantic Economic Relationship

 Statistics 

From AmCham EU:
Total US investment in Europe amounts to $700 billion, and supports over 4 million jobs.

From European Commission: 

“The overall "transatlantic workforce" is estimated at 12 to 14 million people, of which roughly half are Americans who owe their jobs directly or indirectly to EU companies.” (Source)

“In 2006 the EU and the US combined economies accounted for nearly 60% of global GDP, 33% of world trade in goods and 42% of world trade in services. The EU and the US are each other's main trading partners. Trade flows across the Atlantic amount to around €1.7 billion every day.”  (Source)

TEC Statement: 

“Together we [US and EU] account for 54% of the world's GDP.”

The Transatlantic Economic Council (TEC)

The Transatlantic Economic Council (TEC)  was established by US President George Bush, EU Council President Angela Merkel, and EU Commission President Jose Manuel Barroso in 2007 to help integrate the economic relationships between the governments of the United States and the European Union.

The TEC met three times under the Bush administration. The most recent meeting of the TEC occurred in Washington, D.C. on October 26-27, 2009 for the first time under the Obama presidency. On the tails of one of the largest financial crisis is recent history, the Council called for renewed cooperation and integration of the two economies.

The TEC is also concerned with other innovation and technology issues including pharmaceuticals, cosmetics testing and auto safety, among others. Their latest progress report outlines the efforts they are undertaking to address these issues.

Useful Links

US:
US Government
The White House
US House of Representatives
US Senate
 
EU:
European Commission
Transatlantic Economic Council (TEC)
Delegation of the European Union to the US
European Parliament's Liaison Office with the US Congress

Brussels:
US Mission to the EU
TransAtlantic Business Dialogue (TABD)
Transatlantic Policy Network (TPN)
European-American Business Council (EABC)
Center for Transatlantic Relationships
Business Europe
US Chamber
 

The Transatlantic Economic Relationship

 Statistics 

From AmCham EU:
Total US investment in Europe amounts to $700 billion, and supports over 4 million jobs.

From European Commission: 

“The overall "transatlantic workforce" is estimated at 12 to 14 million people, of which roughly half are Americans who owe their jobs directly or indirectly to EU companies.” (Source)

“In 2006 the EU and the US combined economies accounted for nearly 60% of global GDP, 33% of world trade in goods and 42% of world trade in services. The EU and the US are each other's main trading partners. Trade flows across the Atlantic amount to around €1.7 billion every day.”  (Source)

TEC Statement: 

“Together we [US and EU] account for 54% of the world's GDP.”

The Transatlantic Economic Council (TEC)

The Transatlantic Economic Council (TEC)  was established by US President George Bush, EU Council President Angela Merkel, and EU Commission President Jose Manuel Barroso in 2007 to help integrate the economic relationships between the governments of the United States and the European Union.

The TEC met three times under the Bush administration. The most recent meeting of the TEC occurred in Washington, D.C. on October 26-27, 2009 for the first time under the Obama presidency. On the tails of one of the largest financial crisis is recent history, the Council called for renewed cooperation and integration of the two economies.

The TEC is also concerned with other innovation and technology issues including pharmaceuticals, cosmetics testing and auto safety, among others. Their latest progress report outlines the efforts they are undertaking to address these issues.

Useful Links

US:
US Government
The White House
US House of Representatives
US Senate
 
EU:
European Commission
Transatlantic Economic Council (TEC)
Delegation of the European Union to the US
European Parliament's Liaison Office with the US Congress

Brussels:
US Mission to the EU
TransAtlantic Business Dialogue (TABD)
Transatlantic Policy Network (TPN)
European-American Business Council (EABC)
Center for Transatlantic Relationships
Business Europe
US Chamber