Techonomics: Don’t Sleep on the EU’s Role in US Economy

“The US/EU relationship needs to be re-invented for every generation. Traditionally, there were very strong links of family between Americans and Europeans, but there’s a whole new demographic in this country of people from non-European extraction who nonetheless will understand the importance of Europe for the United States,”

-David O’Sullivan, United States’ EU ambassador


By Jason Middleton

What was once a relatively placid part of the global economy is now a roiling cauldron of contention and unilateral gamesmanship: international trade.

Whether it’s the United States versus China, or the US versus the European Union, or the Trans Pacific Partnership or the prospect of Britain crashing out of the EU with Brexit, globalization is under fire.

Let’s turn to the US and EU. A partnership that’s lasted and prospered for 60 years. For this discussion, we’re hosting EU’s ambassador to the United States, David O’Sullivan.

The trade partnership is constructed on a solid foundation of common values, including a commitment to the rule of law, the democratic process, free enterprise, respect for human rights, and alleviating poverty.

A new study sponsored by the European Union demonstrates the depth and breadth of the economic relationship between the EU and the U.S. While the EU invests more money in the United States than any other market, many Americans do not fully understand this relationship.

 

Have great weeks, everybody.

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