Trade Relations the EU and the USA

Today they collaborate on wide variety of issues, from terrorism to human rights. They also work together on education policy. A complete account of their ongoing dialogues can be found on the following websites:

The Transatlantic Trade and Investment Partnership (TTIP) is a bilateral free trade agreement between the United States and Europe, covering trade in services, government procurement, rules of origin, technical barriers to trade, agriculture, customs and trade facilitation. If it completed, it will cover the world one-second of GDP. Transatlantic trade and investment partnership agreement is Europe and the United States launched trade preferential agreements, to create Europe and the United States FTA, the official is expected to make the EU GDP increased by 0.52%, but this data is a major controversy, so three rounds of negotiations failed to reach consensus.

In June 2013 the European Commission and the U.S. government have commenced negotiations for the Transatlantic Trade and Investment Partnership (TTIP), a proposed free trade agreement between two of world’s largest economic and political partners.

The European Union is transnational meaning multinational or international. Some of the major historical events, which occurred during the twentieth century, which led to the creation of the European Union, include World War Two, communism protests in Hungary, the launching of Sputnik, and the creation of a common market in Rome. Some of the nations that make up the European Union include France, Italy, Germany, and the Netherlands. Today the European Union assists in creating alliances and safety partnerships, especially after the terrorist attacks in the United States. Two examples of foreign policy objectives for the

“The United States of Europe” was the first of many attempts at a stable economic system before the creation of The European Community.1 The next experimental economic system was a Council of Europe. Ten delegates, representing the ten countries in Europe, met in Strasbourg France in 1949 with the confidence that it would become a dominant

Besides creating a third block between the United States and the Soviet Union, European cooperation brought a possible solution to the German question. Central to European integration, according to the founding fathers, was creating a political identity over an economic one. But, it took until the 1970’s to establish a formal political forum that connected European nations together, almost twenty years after the creation of the ECSC. Monnet argues that efforts for political cooperation failed before the 1970’s, naming the European Defense Community (EDC) as an example. The EDC was a response to deal with the possible German rearmament in the

Despite a blistering cold war between east and west Europe in the 1950’s, including the violent suppression of anti-communist protests in 1956 Hungary, the six founders of the ECSC reconvened in 1957 and signed the Treaty of Rome, which created the European Economic Community, or the “Common Market”.

This paper analyzes the multifaceted and ever evolving relationship between the European Union (EU) and the North Atlantic Trade Organization (NATO). With the globalization of security concerns and with the series of major terrorist attacks beginning on September 11, 2001, cooperation between these two major powers is becoming increasingly important and hotly debated. In this day and age international security is of the utmost importance. The world leaders in international security are the North Atlantic Trade Organization (NATO) and the European Union (EU). This paper explores the relationship between these two institutions in the context of security policies, members, global effect, and the participation and influence of the United States.

In this age of globalization, Economic integration and regional cooperation have become a reality. International trade has enabled countries to exchange goods, services and capital across the border, enabling better opportunities for both producers and consumers. However, in recent years, the benefits of International trade have been questioned by many economists and business experts. There are no doubts that International trade has been a blessing for many countries around the world, but the question that remains unanswered is, how does International trade benefit the United States economically. With fall, declining economic growth, and increase in unemployment, as claimed by conservatives, trade deals such as NAFTA and TPP have been under the spotlight for quite sometimes. Despite all criticisms, recent International trade data show a different reality. It shows how the benefits of International trade outweighed the cost of the economy of the United States.

The EU is widely regarded as a trade power in the current international arena. The trade policy has been a core component of the EU’s growth strategies to enhance international competitiveness by internal development, resulted from the widened and deepened regional integration (Young, 2011: 719). Assimilating neo-liberalist idea to the trade policy has promoted liberalising goods and service trades and contributed to enhancement of competitiveness in the global markets; the EU achieved the largest market in the world in 2005 (Dee and Mortensen, 2014: 3; Young, 2011: 721). Moreover, in international trade, GATT/WTO has promoted multilateral negotiations. Until Uruguay Round, the main discussion was tariff reduction in industrial goods; however, once Uruguay Round approached wider range of issues, legislation of multilateral trade rules has been more important for the WTO members and other actors (Young, 2011: 716). Under this condition, the EU has promoted its competitiveness in the global market with internal development resulted from its territorial enlargement and the institutional system reforms; the EU has adjusted the trade policy against external actors in response to a changing world (ibid: 719). This paper examines how the EU’s external trade policy has changed.

People have created unions many times but not all of them were successful, specifically when we consider alliances among number of countries with different economics, political systems and culture. For instance, last century brought both the biggest collapse and the most promising union in the modern history. Although U.S.S.R has disappeared from geographical maps, some of its members joined another alliance. The European Union (EU) is an economic and political partnership that united 28 countries on the European part of Eurasia and represents a unique form of cooperation among members today.

The EU and UK are undeniably close trade partners seeing as the EU makes for a large proportion of trade deficit with the UK as of 2014. Nonetheless, strong economic growth in many non-EU emerging economies has resulted in important trade activity with these non-EU countries, eating into proportion accounted for by EU since 1999, despite the value of EU trade increasing. The sheer growth in UK’s trade volume is reflected in the downward trend in Graphs 1, 2, & 3 below.

The European Union (EU) and North American Free Trade Agreement (NAFTA) both consists of twenty-seven countries that makes it the largest trading bloc in the world. Based on the 2008 figure, the value of the exports of goods/services from European Union to NAFTA was 639. One billion Canadian dollars while the import of goods/services to the European Union from the NAFTA was amounted to 513.9 billion Canadian dollars. Two trade blocs are also highly interdependent by the means of FDI. In 2007, the value of inflows of FDI NAFTA from EU was about 1.77 trillion Canadian dollars and 1.63 trillion Canadian dollars from NAFTA to EU respectively.

The trade between the United States (US) and the European Union (EU) is estimated at a value of $750 billion annually (Tehrani, 2008). As both countries have their own specific food safety regulations, there is always going to be a difference of opinion on whose regulation is correct. In 1997, a major difference in opinion became apparent between the US and the EU, where the EU felt that procedures used by the US to decontaminate poultry where not safe (Škoba, 2013). The use of “hyper-chlorinated water” (Site, 2013) and pathogen reduction treatments (PRTs) whilst processing US poultry lead to the prohibition of all “poultry meat and poultry meat products” (CongressDaily, 2009) coming in to the EU (CongressDaily, 2009).

The first step in the European Union was the creation of the European Coal and Steel Community (ECSC) in 1950. The foreign minister of France at the time, Robert Schuman, believed that the heavy industries of coal and steel in Europe should be united to secure a lasting peace. Initially, France and Germany were the main countries involved with the European Coal and Steel Community, but Belgium, the Netherlands, Italy, and Luxembourg also joined. With these six countries intertwined in the coal and steel industry one member country could not make weapons on their own for wars without affecting the other member countries. (Editors of Encyclopedia Brittanica, n.d.,)