EU-US RELATIONS

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• EU-US RELATIONS
• The Transatlantic Partnership

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It is already evident that, before the United
States Government can proceed much further in its
efforts to alleviate the situation and help start
the European world on its way to recovery, there
must be some agreement among the countries of
Europe as to the requirements of
George C. Marshall, 1947
the situation and the part those countries
themselves will take in order to give proper
effect to whatever action might be undertaken by
this Government .....The initiative, I think,
must come from Europe.
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Problems are arising that only Europe and the
United States together have the resources to deal
withThat we have begun to cooperate on these
affairs at the Atlantic level is a great step
forward. It is evident that we must go a good
deal further towards an Atlantic Community. The
creation of a united Europe brings this nearer by
making it possible for America and Europe to act
as partners on an equal footing.
Jean Monnet, 1962
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• The EU-US Economic Partnership

Largest Bilateral Economic Relationship in the
World
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EU-US Trade in Goods
Billions US
Source Eurostat
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EU-US Trade in Services
Billions US
Source Survey of Current Business
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EU-US Investment (Historical Cost Basis)
Billions US
Source US Dept. of Commerce
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FDI in the US 1998(Historical Cost Basis)
Billions US
(59)
(16.3)
Japan
Total
EU
Source US Dept. of Commerce
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Effects of European (EU EFTA) Investment in the
US

• 12.5 of US jobs are supported by European
  investment1
• EU-owned firms pay 8.6 billion annually in US
  taxes2

1European-American Chamber of Commerce 2US
Department of Commerce
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The Impact of the Euro?

• Gradual force for stability within international
  monetary system
• Greater use in international trade transactions
• Gradual growth as reserve currency
• Ultimate impact depends on economic performance
  of euro area

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uro 11

• 20 World GDP
• 20 World Trade
• 290 million people

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We welcome the launch of the Euro, an historic
step that 11 nations in Europe have taken toward
a more complete Economic and Monetary Union
(EMU). The United States has long been an
advocate for European integration, and we admire
the steady progress that make this union
possible. A strong and stable Europe, with open
markets and robust growth, is good for America
and for the world. A successful economic union
that contributes to a dynamic Europe is clearly
in our long-term interests.
President Clinton January 4, 1999
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EU Enlargement to the East
Negotiations Began Spring 1998
Negotiations Began February 2000

• Czech Republic
• Estonia
• Hungary
• Poland
• Slovenia

• Bulgaria
• Latvia
• Lithuania
• Romania
• Slovakia

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Cyprus and Malta

• Positive Commission Opinions 1993
• Cyprus Negotiations began 1998
• Malta Negotiations begin 2000

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Turkey

• Designated a Candidate State (December 1999
  Helsinki European Council)
• Negotiations Depend on Adherence to Copenhagen
  Criteria

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CFSP AFTER AMSTERDAM
COUNCIL PRESIDENCY
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European Securityand Defence Policy (ESDP)

• 60,000 Rapid Reaction Force

• Decision Making
• Military Capabilities

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(No Transcript)
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The Transatlantic Declaration

• 1990 covering political, economic, and global
  matters
• Adapting to the 1990s New World Order
• Institutional network twice yearly summits,
  ministerial, sub-cabinet and experts meetings
• Even more strategic direction required

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The NTA in Operation
Meeting global and regional challenges Political,
diplomatic, and economic instruments
Comprehensive Joint Action Plan Progress review
at biannual EU-US Summits Four broad chapters
for cooperation...
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I. Promoting Peace and Stability,
Democracy and Development

• Democracy and economic reform in CEECs,
  Russia, other areas

• Peace in the Middle East
• Human rights
• Non-proliferation
• Development and humanitarian assistance

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II. Responding to Global Challenges

• International crime, drugs and terrorism
• Refugees and displaced persons
• Environment - Kyoto Climate Agreement
• Disease and health care

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III. The Expansion of World Trade and
Closer Bilateral Economic Relations

• Strengthen the multilateral trading system
• Issues following Uruguay Round of GATT
• Support the work of the WTO New Round?
• Closer bilateral economic relations -
  Transatlantic Economic Partnership

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IV. Building Bridges across the Atlantic

• Transatlantic Dialogues (Business, Consumer,
  Environment, Labor)
• Ties between educators and students
• Exchange programs and conferences
• Preparing future generations of Transatlantic
  partnership

www.eucenters.org
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America stands with Europe because Americans
understand, without regard to political party,
that it is in our national interests as well as
our collective interest that we do so. Atlantic
unity and European unity remain our common
vision.
Madeleine Albright, US Secretary of State
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Romano Prodi, European Commission President

• The world in store for us will depend for its
  balance on ever closer cooperation between Europe
  and the United States in the fields of politics,
  the economy and defense.