The transatlantic economy remains the largest, most prosperous and most innovative of its kind in the world – and it continues to grow. The EU and the US should seize the renewed optimism and positive momentum to advance and deepen the world’s largest trade and investment relationship. While they can build on decades of efforts to enhance regulatory cooperation and remove barriers to trade and investment, they should also address new and emerging issues that arise from the transformation of our economies. In a new document, the American Chamber of Commerce to the EU (AmCham EU) presents ideas for EU-US cooperation across a wide range of sectors and industries.
Emerging areas for EU-US cooperation
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The transatlantic relationship at 250 years: a shared history and a forged future
Authored by Malte Lohan, CEO, AmCham EU
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Stressing the importance of open trade in Strasbourg
From Tuesday, 16 to Wednesday, 17 June, AmCham EU travelled to the European Parliament in Strasbourg, France for a series of meetings on EU trade and external affairs policy developments. The delegation engaged with Members of the European Parliament and political group advisers to share business perspectives on the future of the EU-US relationship. Discussions focused on the need to reset transatlantic trade and investment ties, strengthen Europe’s competitiveness and preserve open, rules-based markets. Members also highlighted the importance of avoiding tariffs, reducing regulatory complexity, deepening cooperation on economic security, critical supply chains and digital policy as well as ensuring that resilience measures remain proportionate, predictable and open to trusted partners.
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Implementing the EU-US Joint Statement
With the EU having formally adopted the tariff reductions agreed under the EU-US Framework Agreement, the two sides now have an opportunity to enter a new phase.
The agreement has the potential to help restore stability and predictability for citizens and businesses on both sides of the Atlantic and provide the basis for continued collaborationbetween the EU and US. The goal should be to bring their shared $9.8 trillion commercial relationship to a more constructive place, focusing on cooperation where interests align.
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