EU-US: Transatlantic trade deal on the horizon?

As pressure on the eurozone eases, Europe and the United States are becoming increasingly convinced that they need to strengthen their partnership in order to maintain a leading competitive edge in the global economy.

“The old boys need to say clearly that they are still in business,” said EU Ambassador to Washington João Vale de Almeida, speaking at an event organized by the American Chamber of Commerce to the EU (AmCham EU).

The state of the transatlantic economy has suffered the blow of the euro crisis but remains the largest and wealthiest in the world, with over 50% of world GDP in terms of value and 41% in terms of purchasing power, according to a report released yesterday (22 March).

 “No other commercial artery in the world is as integrated as the transatlantic economy,” said Joseph Quinlan, an author of the report published by the Center for Transatlantic Relations at Johns Hopkins University. “Its health is vital to the health of the entire global economy.”

For more: Transatlantic trade deal on the horizon? | EurActiv