Why Europe Matters

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Capital One names S. Jersey market boss

By Eric Strauss
January 27, 2015 12:02 PM

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Regulators give thumbs-up to S. Jersey bank deal

By Eric Strauss
January 27, 2015 11:39 AM

CONTINUE READING

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Promotions company jumps into sports pool business with deal

By Eric Strauss
January 27, 2015 10:11 AM

CONTINUE READING

Digital industry group names new CEO

By Eric Strauss
January 27, 2015 10:47 AM

CONTINUE READING

Higher costs weigh on J&J Snack Foods earnings

By Eric Strauss
January 27, 2015 11:23 AM

CONTINUE READING

I.D. Systems gets $850K in purchase orders for six end users

By January 26, 2015 10:17 AM

CONTINUE READING

South Jersey Industries declares quarterly dividend

By Eric Strauss
January 26, 2015 10:01 AM

CONTINUE READING

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The Obama administration's overall posture toward Asia has taken a heightened sense of urgency. In a strategy called a “pivot” his administration announced an enhanced engagement in Asia. The outcome would appear to be a commitment for the US to play an increasing leadership role in Asia for decades to come, perhaps at the expense of other regions of the world.

It was with great satisfaction that we heard the President in his most recent State of the Union address state that he will aggressively pursue a comprehensive Transatlantic Trade and Investment Partnership with the European Union. This initiative is important on many levels. Hopefully it could jump-start global trade talks that have seen round after round of negotiations end without progress. Of most immediate significance, however, will be the economic benefits of expanded trade and investment to the citizens of the US and the EU.

Few Americans understand the extent to which our standard of living, our economy and our quality of life are dependent on a strong, vibrant and successful Europe. The US and the EU represent the two largest economies in the world and, not surprisingly, they have the largest bilateral trade relationship in the world. Taken together, the economies of these two regions account for almost 50% of world GDP. Their combined trade flows with the world account for almost one third of global trade.

The US exports over $459 billion in goods and services to the EU annually, and Europe is our largest export market. This trade activity supports an estimated 2.4 million American jobs. Cross-border flows of investment between the United States and the European Union are also significant: The United States and the European Union have directly invested more than $3.7 trillion on both sides of the Atlantic. Over 3.6 million US workers are directly employed by European firms. While Asia is and will continue to be an area of immense importance to us, we cannot lose sight of the fact that total US investment in the EU is three times higher than in all of Asia and that EU investment in the US is eight times the amount of EU investment in India and China together.

This is why all Americans have an interest in the outcome of the Transatlantic Trade and Investment Partnership with the European Union.

Given the low average tariffs between the two regions (under 3%), the fact that the transatlantic talks will be between two economies that largely support free trade, and that the EU and US are at the same level of economic development, it would appear that our trade negotiators should meet with. But the challenge to reaching agreement will involve a number of difficult non-tariff barriers. These barriers are partially driven by diverging regulatory systems, deferring standards, concerns with security, consumer protection, sanitary and phytosanitary (SPS) issues.  But these barriers are often erected by special interests seeking to fend off foreign competition.

Americans have an immediate, vested interest in the success of these trade talks. An agreement between the United States and the European Union will provide an impetus for new free trade initiatives worldwide. More immediately, it will help lift the world’s two largest economies, creating hundreds of thousands of jobs for our citizens.

Share This Story On:

Why Europe Matters

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Back to Top Comments Email Print

Latest News

Capital One names S. Jersey market boss

By Eric Strauss
January 27, 2015 12:02 PM

CONTINUE READING

Regulators give thumbs-up to S. Jersey bank deal

By Eric Strauss
January 27, 2015 11:39 AM

CONTINUE READING

advertisement

Promotions company jumps into sports pool business with deal

By Eric Strauss
January 27, 2015 10:11 AM

CONTINUE READING

Digital industry group names new CEO

By Eric Strauss
January 27, 2015 10:47 AM

CONTINUE READING

Higher costs weigh on J&J Snack Foods earnings

By Eric Strauss
January 27, 2015 11:23 AM

CONTINUE READING

I.D. Systems gets $850K in purchase orders for six end users

By January 26, 2015 10:17 AM

CONTINUE READING

South Jersey Industries declares quarterly dividend

By Eric Strauss
January 26, 2015 10:01 AM

CONTINUE READING

advertisement

The Obama administration's overall posture toward Asia has taken a heightened sense of urgency. In a strategy called a “pivot” his administration announced an enhanced engagement in Asia. The outcome would appear to be a commitment for the US to play an increasing leadership role in Asia for decades to come, perhaps at the expense of other regions of the world.

It was with great satisfaction that we heard the President in his most recent State of the Union address state that he will aggressively pursue a comprehensive Transatlantic Trade and Investment Partnership with the European Union. This initiative is important on many levels. Hopefully it could jump-start global trade talks that have seen round after round of negotiations end without progress. Of most immediate significance, however, will be the economic benefits of expanded trade and investment to the citizens of the US and the EU.

Few Americans understand the extent to which our standard of living, our economy and our quality of life are dependent on a strong, vibrant and successful Europe. The US and the EU represent the two largest economies in the world and, not surprisingly, they have the largest bilateral trade relationship in the world. Taken together, the economies of these two regions account for almost 50% of world GDP. Their combined trade flows with the world account for almost one third of global trade.

The US exports over $459 billion in goods and services to the EU annually, and Europe is our largest export market. This trade activity supports an estimated 2.4 million American jobs. Cross-border flows of investment between the United States and the European Union are also significant: The United States and the European Union have directly invested more than $3.7 trillion on both sides of the Atlantic. Over 3.6 million US workers are directly employed by European firms. While Asia is and will continue to be an area of immense importance to us, we cannot lose sight of the fact that total US investment in the EU is three times higher than in all of Asia and that EU investment in the US is eight times the amount of EU investment in India and China together.

This is why all Americans have an interest in the outcome of the Transatlantic Trade and Investment Partnership with the European Union.

Given the low average tariffs between the two regions (under 3%), the fact that the transatlantic talks will be between two economies that largely support free trade, and that the EU and US are at the same level of economic development, it would appear that our trade negotiators should meet with. But the challenge to reaching agreement will involve a number of difficult non-tariff barriers. These barriers are partially driven by diverging regulatory systems, deferring standards, concerns with security, consumer protection, sanitary and phytosanitary (SPS) issues.  But these barriers are often erected by special interests seeking to fend off foreign competition.

Americans have an immediate, vested interest in the success of these trade talks. An agreement between the United States and the European Union will provide an impetus for new free trade initiatives worldwide. More immediately, it will help lift the world’s two largest economies, creating hundreds of thousands of jobs for our citizens.

Share This Story On:

Why Europe Matters

By

Back to Top Comments Email Print

Latest News

Capital One names S. Jersey market boss

By Eric Strauss
January 27, 2015 12:02 PM

CONTINUE READING

Regulators give thumbs-up to S. Jersey bank deal

By Eric Strauss
January 27, 2015 11:39 AM

CONTINUE READING

advertisement

Promotions company jumps into sports pool business with deal

By Eric Strauss
January 27, 2015 10:11 AM

CONTINUE READING

Digital industry group names new CEO

By Eric Strauss
January 27, 2015 10:47 AM

CONTINUE READING

Higher costs weigh on J&J Snack Foods earnings

By Eric Strauss
January 27, 2015 11:23 AM

CONTINUE READING

I.D. Systems gets $850K in purchase orders for six end users

By January 26, 2015 10:17 AM

CONTINUE READING

South Jersey Industries declares quarterly dividend

By Eric Strauss
January 26, 2015 10:01 AM

CONTINUE READING

advertisement

The Obama administration's overall posture toward Asia has taken a heightened sense of urgency. In a strategy called a “pivot” his administration announced an enhanced engagement in Asia. The outcome would appear to be a commitment for the US to play an increasing leadership role in Asia for decades to come, perhaps at the expense of other regions of the world.

It was with great satisfaction that we heard the President in his most recent State of the Union address state that he will aggressively pursue a comprehensive Transatlantic Trade and Investment Partnership with the European Union. This initiative is important on many levels. Hopefully it could jump-start global trade talks that have seen round after round of negotiations end without progress. Of most immediate significance, however, will be the economic benefits of expanded trade and investment to the citizens of the US and the EU.

Few Americans understand the extent to which our standard of living, our economy and our quality of life are dependent on a strong, vibrant and successful Europe. The US and the EU represent the two largest economies in the world and, not surprisingly, they have the largest bilateral trade relationship in the world. Taken together, the economies of these two regions account for almost 50% of world GDP. Their combined trade flows with the world account for almost one third of global trade.

The US exports over $459 billion in goods and services to the EU annually, and Europe is our largest export market. This trade activity supports an estimated 2.4 million American jobs. Cross-border flows of investment between the United States and the European Union are also significant: The United States and the European Union have directly invested more than $3.7 trillion on both sides of the Atlantic. Over 3.6 million US workers are directly employed by European firms. While Asia is and will continue to be an area of immense importance to us, we cannot lose sight of the fact that total US investment in the EU is three times higher than in all of Asia and that EU investment in the US is eight times the amount of EU investment in India and China together.

This is why all Americans have an interest in the outcome of the Transatlantic Trade and Investment Partnership with the European Union.

Given the low average tariffs between the two regions (under 3%), the fact that the transatlantic talks will be between two economies that largely support free trade, and that the EU and US are at the same level of economic development, it would appear that our trade negotiators should meet with. But the challenge to reaching agreement will involve a number of difficult non-tariff barriers. These barriers are partially driven by diverging regulatory systems, deferring standards, concerns with security, consumer protection, sanitary and phytosanitary (SPS) issues.  But these barriers are often erected by special interests seeking to fend off foreign competition.

Americans have an immediate, vested interest in the success of these trade talks. An agreement between the United States and the European Union will provide an impetus for new free trade initiatives worldwide. More immediately, it will help lift the world’s two largest economies, creating hundreds of thousands of jobs for our citizens.

Share This Story On:

Why Europe Matters

By

Back to Top Comments Email Print

Latest News

Capital One names S. Jersey market boss

By Eric Strauss
January 27, 2015 12:02 PM

CONTINUE READING

Regulators give thumbs-up to S. Jersey bank deal

By Eric Strauss
January 27, 2015 11:39 AM

CONTINUE READING

advertisement

Promotions company jumps into sports pool business with deal

By Eric Strauss
January 27, 2015 10:11 AM

CONTINUE READING

Digital industry group names new CEO

By Eric Strauss
January 27, 2015 10:47 AM

CONTINUE READING

Higher costs weigh on J&J Snack Foods earnings

By Eric Strauss
January 27, 2015 11:23 AM

CONTINUE READING

I.D. Systems gets $850K in purchase orders for six end users

By January 26, 2015 10:17 AM

CONTINUE READING

South Jersey Industries declares quarterly dividend

By Eric Strauss
January 26, 2015 10:01 AM

CONTINUE READING

advertisement

The Obama administration's overall posture toward Asia has taken a heightened sense of urgency. In a strategy called a “pivot” his administration announced an enhanced engagement in Asia. The outcome would appear to be a commitment for the US to play an increasing leadership role in Asia for decades to come, perhaps at the expense of other regions of the world.

It was with great satisfaction that we heard the President in his most recent State of the Union address state that he will aggressively pursue a comprehensive Transatlantic Trade and Investment Partnership with the European Union. This initiative is important on many levels. Hopefully it could jump-start global trade talks that have seen round after round of negotiations end without progress. Of most immediate significance, however, will be the economic benefits of expanded trade and investment to the citizens of the US and the EU.

Few Americans understand the extent to which our standard of living, our economy and our quality of life are dependent on a strong, vibrant and successful Europe. The US and the EU represent the two largest economies in the world and, not surprisingly, they have the largest bilateral trade relationship in the world. Taken together, the economies of these two regions account for almost 50% of world GDP. Their combined trade flows with the world account for almost one third of global trade.

The US exports over $459 billion in goods and services to the EU annually, and Europe is our largest export market. This trade activity supports an estimated 2.4 million American jobs. Cross-border flows of investment between the United States and the European Union are also significant: The United States and the European Union have directly invested more than $3.7 trillion on both sides of the Atlantic. Over 3.6 million US workers are directly employed by European firms. While Asia is and will continue to be an area of immense importance to us, we cannot lose sight of the fact that total US investment in the EU is three times higher than in all of Asia and that EU investment in the US is eight times the amount of EU investment in India and China together.

This is why all Americans have an interest in the outcome of the Transatlantic Trade and Investment Partnership with the European Union.

Given the low average tariffs between the two regions (under 3%), the fact that the transatlantic talks will be between two economies that largely support free trade, and that the EU and US are at the same level of economic development, it would appear that our trade negotiators should meet with. But the challenge to reaching agreement will involve a number of difficult non-tariff barriers. These barriers are partially driven by diverging regulatory systems, deferring standards, concerns with security, consumer protection, sanitary and phytosanitary (SPS) issues.  But these barriers are often erected by special interests seeking to fend off foreign competition.

Americans have an immediate, vested interest in the success of these trade talks. An agreement between the United States and the European Union will provide an impetus for new free trade initiatives worldwide. More immediately, it will help lift the world’s two largest economies, creating hundreds of thousands of jobs for our citizens.

Share This Story On:

Why Europe Matters

By

Back to Top Comments Email Print

Latest News

Capital One names S. Jersey market boss

By Eric Strauss
January 27, 2015 12:02 PM

CONTINUE READING

Regulators give thumbs-up to S. Jersey bank deal

By Eric Strauss
January 27, 2015 11:39 AM

CONTINUE READING

advertisement

Promotions company jumps into sports pool business with deal

By Eric Strauss
January 27, 2015 10:11 AM

CONTINUE READING

Digital industry group names new CEO

By Eric Strauss
January 27, 2015 10:47 AM

CONTINUE READING

Higher costs weigh on J&J Snack Foods earnings

By Eric Strauss
January 27, 2015 11:23 AM

CONTINUE READING

I.D. Systems gets $850K in purchase orders for six end users

By January 26, 2015 10:17 AM

CONTINUE READING

South Jersey Industries declares quarterly dividend

By Eric Strauss
January 26, 2015 10:01 AM

CONTINUE READING

advertisement

The Obama administration's overall posture toward Asia has taken a heightened sense of urgency. In a strategy called a “pivot” his administration announced an enhanced engagement in Asia. The outcome would appear to be a commitment for the US to play an increasing leadership role in Asia for decades to come, perhaps at the expense of other regions of the world.

It was with great satisfaction that we heard the President in his most recent State of the Union address state that he will aggressively pursue a comprehensive Transatlantic Trade and Investment Partnership with the European Union. This initiative is important on many levels. Hopefully it could jump-start global trade talks that have seen round after round of negotiations end without progress. Of most immediate significance, however, will be the economic benefits of expanded trade and investment to the citizens of the US and the EU.

Few Americans understand the extent to which our standard of living, our economy and our quality of life are dependent on a strong, vibrant and successful Europe. The US and the EU represent the two largest economies in the world and, not surprisingly, they have the largest bilateral trade relationship in the world. Taken together, the economies of these two regions account for almost 50% of world GDP. Their combined trade flows with the world account for almost one third of global trade.

The US exports over $459 billion in goods and services to the EU annually, and Europe is our largest export market. This trade activity supports an estimated 2.4 million American jobs. Cross-border flows of investment between the United States and the European Union are also significant: The United States and the European Union have directly invested more than $3.7 trillion on both sides of the Atlantic. Over 3.6 million US workers are directly employed by European firms. While Asia is and will continue to be an area of immense importance to us, we cannot lose sight of the fact that total US investment in the EU is three times higher than in all of Asia and that EU investment in the US is eight times the amount of EU investment in India and China together.

This is why all Americans have an interest in the outcome of the Transatlantic Trade and Investment Partnership with the European Union.

Given the low average tariffs between the two regions (under 3%), the fact that the transatlantic talks will be between two economies that largely support free trade, and that the EU and US are at the same level of economic development, it would appear that our trade negotiators should meet with. But the challenge to reaching agreement will involve a number of difficult non-tariff barriers. These barriers are partially driven by diverging regulatory systems, deferring standards, concerns with security, consumer protection, sanitary and phytosanitary (SPS) issues.  But these barriers are often erected by special interests seeking to fend off foreign competition.

Americans have an immediate, vested interest in the success of these trade talks. An agreement between the United States and the European Union will provide an impetus for new free trade initiatives worldwide. More immediately, it will help lift the world’s two largest economies, creating hundreds of thousands of jobs for our citizens.

Share This Story On:

Why Europe Matters

By

Back to Top Comments Email Print

Latest News

Capital One names S. Jersey market boss

By Eric Strauss
January 27, 2015 12:02 PM

CONTINUE READING

Regulators give thumbs-up to S. Jersey bank deal

By Eric Strauss
January 27, 2015 11:39 AM

CONTINUE READING

advertisement

Promotions company jumps into sports pool business with deal

By Eric Strauss
January 27, 2015 10:11 AM

CONTINUE READING

Digital industry group names new CEO

By Eric Strauss
January 27, 2015 10:47 AM

CONTINUE READING

Higher costs weigh on J&J Snack Foods earnings

By Eric Strauss
January 27, 2015 11:23 AM

CONTINUE READING

I.D. Systems gets $850K in purchase orders for six end users

By January 26, 2015 10:17 AM

CONTINUE READING

South Jersey Industries declares quarterly dividend

By Eric Strauss
January 26, 2015 10:01 AM

CONTINUE READING

advertisement

The Obama administration's overall posture toward Asia has taken a heightened sense of urgency. In a strategy called a “pivot” his administration announced an enhanced engagement in Asia. The outcome would appear to be a commitment for the US to play an increasing leadership role in Asia for decades to come, perhaps at the expense of other regions of the world.

It was with great satisfaction that we heard the President in his most recent State of the Union address state that he will aggressively pursue a comprehensive Transatlantic Trade and Investment Partnership with the European Union. This initiative is important on many levels. Hopefully it could jump-start global trade talks that have seen round after round of negotiations end without progress. Of most immediate significance, however, will be the economic benefits of expanded trade and investment to the citizens of the US and the EU.

Few Americans understand the extent to which our standard of living, our economy and our quality of life are dependent on a strong, vibrant and successful Europe. The US and the EU represent the two largest economies in the world and, not surprisingly, they have the largest bilateral trade relationship in the world. Taken together, the economies of these two regions account for almost 50% of world GDP. Their combined trade flows with the world account for almost one third of global trade.

The US exports over $459 billion in goods and services to the EU annually, and Europe is our largest export market. This trade activity supports an estimated 2.4 million American jobs. Cross-border flows of investment between the United States and the European Union are also significant: The United States and the European Union have directly invested more than $3.7 trillion on both sides of the Atlantic. Over 3.6 million US workers are directly employed by European firms. While Asia is and will continue to be an area of immense importance to us, we cannot lose sight of the fact that total US investment in the EU is three times higher than in all of Asia and that EU investment in the US is eight times the amount of EU investment in India and China together.

This is why all Americans have an interest in the outcome of the Transatlantic Trade and Investment Partnership with the European Union.

Given the low average tariffs between the two regions (under 3%), the fact that the transatlantic talks will be between two economies that largely support free trade, and that the EU and US are at the same level of economic development, it would appear that our trade negotiators should meet with. But the challenge to reaching agreement will involve a number of difficult non-tariff barriers. These barriers are partially driven by diverging regulatory systems, deferring standards, concerns with security, consumer protection, sanitary and phytosanitary (SPS) issues.  But these barriers are often erected by special interests seeking to fend off foreign competition.

Americans have an immediate, vested interest in the success of these trade talks. An agreement between the United States and the European Union will provide an impetus for new free trade initiatives worldwide. More immediately, it will help lift the world’s two largest economies, creating hundreds of thousands of jobs for our citizens.

Share This Story On:

Why Europe Matters

By

Back to Top Comments Email Print

Latest News

Capital One names S. Jersey market boss

By Eric Strauss
January 27, 2015 12:02 PM

CONTINUE READING

Regulators give thumbs-up to S. Jersey bank deal

By Eric Strauss
January 27, 2015 11:39 AM

CONTINUE READING

advertisement

Promotions company jumps into sports pool business with deal

By Eric Strauss
January 27, 2015 10:11 AM

CONTINUE READING

Digital industry group names new CEO

By Eric Strauss
January 27, 2015 10:47 AM

CONTINUE READING

Higher costs weigh on J&J Snack Foods earnings

By Eric Strauss
January 27, 2015 11:23 AM

CONTINUE READING

I.D. Systems gets $850K in purchase orders for six end users

By January 26, 2015 10:17 AM

CONTINUE READING

South Jersey Industries declares quarterly dividend

By Eric Strauss
January 26, 2015 10:01 AM

CONTINUE READING

advertisement

The Obama administration's overall posture toward Asia has taken a heightened sense of urgency. In a strategy called a “pivot” his administration announced an enhanced engagement in Asia. The outcome would appear to be a commitment for the US to play an increasing leadership role in Asia for decades to come, perhaps at the expense of other regions of the world.

It was with great satisfaction that we heard the President in his most recent State of the Union address state that he will aggressively pursue a comprehensive Transatlantic Trade and Investment Partnership with the European Union. This initiative is important on many levels. Hopefully it could jump-start global trade talks that have seen round after round of negotiations end without progress. Of most immediate significance, however, will be the economic benefits of expanded trade and investment to the citizens of the US and the EU.

Few Americans understand the extent to which our standard of living, our economy and our quality of life are dependent on a strong, vibrant and successful Europe. The US and the EU represent the two largest economies in the world and, not surprisingly, they have the largest bilateral trade relationship in the world. Taken together, the economies of these two regions account for almost 50% of world GDP. Their combined trade flows with the world account for almost one third of global trade.

The US exports over $459 billion in goods and services to the EU annually, and Europe is our largest export market. This trade activity supports an estimated 2.4 million American jobs. Cross-border flows of investment between the United States and the European Union are also significant: The United States and the European Union have directly invested more than $3.7 trillion on both sides of the Atlantic. Over 3.6 million US workers are directly employed by European firms. While Asia is and will continue to be an area of immense importance to us, we cannot lose sight of the fact that total US investment in the EU is three times higher than in all of Asia and that EU investment in the US is eight times the amount of EU investment in India and China together.

This is why all Americans have an interest in the outcome of the Transatlantic Trade and Investment Partnership with the European Union.

Given the low average tariffs between the two regions (under 3%), the fact that the transatlantic talks will be between two economies that largely support free trade, and that the EU and US are at the same level of economic development, it would appear that our trade negotiators should meet with. But the challenge to reaching agreement will involve a number of difficult non-tariff barriers. These barriers are partially driven by diverging regulatory systems, deferring standards, concerns with security, consumer protection, sanitary and phytosanitary (SPS) issues.  But these barriers are often erected by special interests seeking to fend off foreign competition.

Americans have an immediate, vested interest in the success of these trade talks. An agreement between the United States and the European Union will provide an impetus for new free trade initiatives worldwide. More immediately, it will help lift the world’s two largest economies, creating hundreds of thousands of jobs for our citizens.

Share This Story On:

Why Europe Matters

By

Back to Top Comments Email Print

Latest News

Capital One names S. Jersey market boss

By Eric Strauss
January 27, 2015 12:02 PM

CONTINUE READING

Regulators give thumbs-up to S. Jersey bank deal

By Eric Strauss
January 27, 2015 11:39 AM

CONTINUE READING

advertisement

Promotions company jumps into sports pool business with deal

By Eric Strauss
January 27, 2015 10:11 AM

CONTINUE READING

Digital industry group names new CEO

By Eric Strauss
January 27, 2015 10:47 AM

CONTINUE READING

Higher costs weigh on J&J Snack Foods earnings

By Eric Strauss
January 27, 2015 11:23 AM

CONTINUE READING

I.D. Systems gets $850K in purchase orders for six end users

By January 26, 2015 10:17 AM

CONTINUE READING

South Jersey Industries declares quarterly dividend

By Eric Strauss
January 26, 2015 10:01 AM

CONTINUE READING

advertisement

The Obama administration's overall posture toward Asia has taken a heightened sense of urgency. In a strategy called a “pivot” his administration announced an enhanced engagement in Asia. The outcome would appear to be a commitment for the US to play an increasing leadership role in Asia for decades to come, perhaps at the expense of other regions of the world.

It was with great satisfaction that we heard the President in his most recent State of the Union address state that he will aggressively pursue a comprehensive Transatlantic Trade and Investment Partnership with the European Union. This initiative is important on many levels. Hopefully it could jump-start global trade talks that have seen round after round of negotiations end without progress. Of most immediate significance, however, will be the economic benefits of expanded trade and investment to the citizens of the US and the EU.

Few Americans understand the extent to which our standard of living, our economy and our quality of life are dependent on a strong, vibrant and successful Europe. The US and the EU represent the two largest economies in the world and, not surprisingly, they have the largest bilateral trade relationship in the world. Taken together, the economies of these two regions account for almost 50% of world GDP. Their combined trade flows with the world account for almost one third of global trade.

The US exports over $459 billion in goods and services to the EU annually, and Europe is our largest export market. This trade activity supports an estimated 2.4 million American jobs. Cross-border flows of investment between the United States and the European Union are also significant: The United States and the European Union have directly invested more than $3.7 trillion on both sides of the Atlantic. Over 3.6 million US workers are directly employed by European firms. While Asia is and will continue to be an area of immense importance to us, we cannot lose sight of the fact that total US investment in the EU is three times higher than in all of Asia and that EU investment in the US is eight times the amount of EU investment in India and China together.

This is why all Americans have an interest in the outcome of the Transatlantic Trade and Investment Partnership with the European Union.

Given the low average tariffs between the two regions (under 3%), the fact that the transatlantic talks will be between two economies that largely support free trade, and that the EU and US are at the same level of economic development, it would appear that our trade negotiators should meet with. But the challenge to reaching agreement will involve a number of difficult non-tariff barriers. These barriers are partially driven by diverging regulatory systems, deferring standards, concerns with security, consumer protection, sanitary and phytosanitary (SPS) issues.  But these barriers are often erected by special interests seeking to fend off foreign competition.

Americans have an immediate, vested interest in the success of these trade talks. An agreement between the United States and the European Union will provide an impetus for new free trade initiatives worldwide. More immediately, it will help lift the world’s two largest economies, creating hundreds of thousands of jobs for our citizens.

Share This Story On:

Why Europe Matters

By

Back to Top Comments Email Print

Latest News

Capital One names S. Jersey market boss

By Eric Strauss
January 27, 2015 12:02 PM

CONTINUE READING

Regulators give thumbs-up to S. Jersey bank deal

By Eric Strauss
January 27, 2015 11:39 AM

CONTINUE READING

advertisement

Promotions company jumps into sports pool business with deal

By Eric Strauss
January 27, 2015 10:11 AM

CONTINUE READING

Digital industry group names new CEO

By Eric Strauss
January 27, 2015 10:47 AM

CONTINUE READING

Higher costs weigh on J&J Snack Foods earnings

By Eric Strauss
January 27, 2015 11:23 AM

CONTINUE READING

I.D. Systems gets $850K in purchase orders for six end users

By January 26, 2015 10:17 AM

CONTINUE READING

South Jersey Industries declares quarterly dividend

By Eric Strauss
January 26, 2015 10:01 AM

CONTINUE READING

advertisement

The Obama administration's overall posture toward Asia has taken a heightened sense of urgency. In a strategy called a “pivot” his administration announced an enhanced engagement in Asia. The outcome would appear to be a commitment for the US to play an increasing leadership role in Asia for decades to come, perhaps at the expense of other regions of the world.

It was with great satisfaction that we heard the President in his most recent State of the Union address state that he will aggressively pursue a comprehensive Transatlantic Trade and Investment Partnership with the European Union. This initiative is important on many levels. Hopefully it could jump-start global trade talks that have seen round after round of negotiations end without progress. Of most immediate significance, however, will be the economic benefits of expanded trade and investment to the citizens of the US and the EU.

Few Americans understand the extent to which our standard of living, our economy and our quality of life are dependent on a strong, vibrant and successful Europe. The US and the EU represent the two largest economies in the world and, not surprisingly, they have the largest bilateral trade relationship in the world. Taken together, the economies of these two regions account for almost 50% of world GDP. Their combined trade flows with the world account for almost one third of global trade.

The US exports over $459 billion in goods and services to the EU annually, and Europe is our largest export market. This trade activity supports an estimated 2.4 million American jobs. Cross-border flows of investment between the United States and the European Union are also significant: The United States and the European Union have directly invested more than $3.7 trillion on both sides of the Atlantic. Over 3.6 million US workers are directly employed by European firms. While Asia is and will continue to be an area of immense importance to us, we cannot lose sight of the fact that total US investment in the EU is three times higher than in all of Asia and that EU investment in the US is eight times the amount of EU investment in India and China together.

This is why all Americans have an interest in the outcome of the Transatlantic Trade and Investment Partnership with the European Union.

Given the low average tariffs between the two regions (under 3%), the fact that the transatlantic talks will be between two economies that largely support free trade, and that the EU and US are at the same level of economic development, it would appear that our trade negotiators should meet with. But the challenge to reaching agreement will involve a number of difficult non-tariff barriers. These barriers are partially driven by diverging regulatory systems, deferring standards, concerns with security, consumer protection, sanitary and phytosanitary (SPS) issues.  But these barriers are often erected by special interests seeking to fend off foreign competition.

Americans have an immediate, vested interest in the success of these trade talks. An agreement between the United States and the European Union will provide an impetus for new free trade initiatives worldwide. More immediately, it will help lift the world’s two largest economies, creating hundreds of thousands of jobs for our citizens.

Share This Story On:

Why Europe Matters

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Latest News

Capital One names S. Jersey market boss

By Eric Strauss
January 27, 2015 12:02 PM

CONTINUE READING

Regulators give thumbs-up to S. Jersey bank deal

By Eric Strauss
January 27, 2015 11:39 AM

CONTINUE READING

advertisement

Promotions company jumps into sports pool business with deal

By Eric Strauss
January 27, 2015 10:11 AM

CONTINUE READING

Digital industry group names new CEO

By Eric Strauss
January 27, 2015 10:47 AM

CONTINUE READING

Higher costs weigh on J&J Snack Foods earnings

By Eric Strauss
January 27, 2015 11:23 AM

CONTINUE READING

I.D. Systems gets $850K in purchase orders for six end users

By January 26, 2015 10:17 AM

CONTINUE READING

South Jersey Industries declares quarterly dividend

By Eric Strauss
January 26, 2015 10:01 AM

CONTINUE READING

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The Obama administration's overall posture toward Asia has taken a heightened sense of urgency. In a strategy called a “pivot” his administration announced an enhanced engagement in Asia. The outcome would appear to be a commitment for the US to play an increasing leadership role in Asia for decades to come, perhaps at the expense of other regions of the world.

It was with great satisfaction that we heard the President in his most recent State of the Union address state that he will aggressively pursue a comprehensive Transatlantic Trade and Investment Partnership with the European Union. This initiative is important on many levels. Hopefully it could jump-start global trade talks that have seen round after round of negotiations end without progress. Of most immediate significance, however, will be the economic benefits of expanded trade and investment to the citizens of the US and the EU.

Few Americans understand the extent to which our standard of living, our economy and our quality of life are dependent on a strong, vibrant and successful Europe. The US and the EU represent the two largest economies in the world and, not surprisingly, they have the largest bilateral trade relationship in the world. Taken together, the economies of these two regions account for almost 50% of world GDP. Their combined trade flows with the world account for almost one third of global trade.

The US exports over $459 billion in goods and services to the EU annually, and Europe is our largest export market. This trade activity supports an estimated 2.4 million American jobs. Cross-border flows of investment between the United States and the European Union are also significant: The United States and the European Union have directly invested more than $3.7 trillion on both sides of the Atlantic. Over 3.6 million US workers are directly employed by European firms. While Asia is and will continue to be an area of immense importance to us, we cannot lose sight of the fact that total US investment in the EU is three times higher than in all of Asia and that EU investment in the US is eight times the amount of EU investment in India and China together.

This is why all Americans have an interest in the outcome of the Transatlantic Trade and Investment Partnership with the European Union.

Given the low average tariffs between the two regions (under 3%), the fact that the transatlantic talks will be between two economies that largely support free trade, and that the EU and US are at the same level of economic development, it would appear that our trade negotiators should meet with. But the challenge to reaching agreement will involve a number of difficult non-tariff barriers. These barriers are partially driven by diverging regulatory systems, deferring standards, concerns with security, consumer protection, sanitary and phytosanitary (SPS) issues.  But these barriers are often erected by special interests seeking to fend off foreign competition.

Americans have an immediate, vested interest in the success of these trade talks. An agreement between the United States and the European Union will provide an impetus for new free trade initiatives worldwide. More immediately, it will help lift the world’s two largest economies, creating hundreds of thousands of jobs for our citizens.

Share This Story On:

Why Europe Matters

By

Back to Top Comments Email Print

Latest News

Capital One names S. Jersey market boss

By Eric Strauss
January 27, 2015 12:02 PM

CONTINUE READING

Regulators give thumbs-up to S. Jersey bank deal

By Eric Strauss
January 27, 2015 11:39 AM

CONTINUE READING

advertisement

Promotions company jumps into sports pool business with deal

By Eric Strauss
January 27, 2015 10:11 AM

CONTINUE READING

Digital industry group names new CEO

By Eric Strauss
January 27, 2015 10:47 AM

CONTINUE READING

Higher costs weigh on J&J Snack Foods earnings

By Eric Strauss
January 27, 2015 11:23 AM

CONTINUE READING

I.D. Systems gets $850K in purchase orders for six end users

By January 26, 2015 10:17 AM

CONTINUE READING

South Jersey Industries declares quarterly dividend

By Eric Strauss
January 26, 2015 10:01 AM

CONTINUE READING

advertisement

The Obama administration's overall posture toward Asia has taken a heightened sense of urgency. In a strategy called a “pivot” his administration announced an enhanced engagement in Asia. The outcome would appear to be a commitment for the US to play an increasing leadership role in Asia for decades to come, perhaps at the expense of other regions of the world.

It was with great satisfaction that we heard the President in his most recent State of the Union address state that he will aggressively pursue a comprehensive Transatlantic Trade and Investment Partnership with the European Union. This initiative is important on many levels. Hopefully it could jump-start global trade talks that have seen round after round of negotiations end without progress. Of most immediate significance, however, will be the economic benefits of expanded trade and investment to the citizens of the US and the EU.

Few Americans understand the extent to which our standard of living, our economy and our quality of life are dependent on a strong, vibrant and successful Europe. The US and the EU represent the two largest economies in the world and, not surprisingly, they have the largest bilateral trade relationship in the world. Taken together, the economies of these two regions account for almost 50% of world GDP. Their combined trade flows with the world account for almost one third of global trade.

The US exports over $459 billion in goods and services to the EU annually, and Europe is our largest export market. This trade activity supports an estimated 2.4 million American jobs. Cross-border flows of investment between the United States and the European Union are also significant: The United States and the European Union have directly invested more than $3.7 trillion on both sides of the Atlantic. Over 3.6 million US workers are directly employed by European firms. While Asia is and will continue to be an area of immense importance to us, we cannot lose sight of the fact that total US investment in the EU is three times higher than in all of Asia and that EU investment in the US is eight times the amount of EU investment in India and China together.

This is why all Americans have an interest in the outcome of the Transatlantic Trade and Investment Partnership with the European Union.

Given the low average tariffs between the two regions (under 3%), the fact that the transatlantic talks will be between two economies that largely support free trade, and that the EU and US are at the same level of economic development, it would appear that our trade negotiators should meet with. But the challenge to reaching agreement will involve a number of difficult non-tariff barriers. These barriers are partially driven by diverging regulatory systems, deferring standards, concerns with security, consumer protection, sanitary and phytosanitary (SPS) issues.  But these barriers are often erected by special interests seeking to fend off foreign competition.

Americans have an immediate, vested interest in the success of these trade talks. An agreement between the United States and the European Union will provide an impetus for new free trade initiatives worldwide. More immediately, it will help lift the world’s two largest economies, creating hundreds of thousands of jobs for our citizens.

Share This Story On:

Why Europe Matters

By

Back to Top Comments Email Print

Latest News

Capital One names S. Jersey market boss

By Eric Strauss
January 27, 2015 12:02 PM

CONTINUE READING

Regulators give thumbs-up to S. Jersey bank deal

By Eric Strauss
January 27, 2015 11:39 AM

CONTINUE READING

advertisement

Promotions company jumps into sports pool business with deal

By Eric Strauss
January 27, 2015 10:11 AM

CONTINUE READING

Digital industry group names new CEO

By Eric Strauss
January 27, 2015 10:47 AM

CONTINUE READING

Higher costs weigh on J&J Snack Foods earnings

By Eric Strauss
January 27, 2015 11:23 AM

CONTINUE READING

I.D. Systems gets $850K in purchase orders for six end users

By January 26, 2015 10:17 AM

CONTINUE READING

South Jersey Industries declares quarterly dividend

By Eric Strauss
January 26, 2015 10:01 AM

CONTINUE READING

advertisement

The Obama administration's overall posture toward Asia has taken a heightened sense of urgency. In a strategy called a “pivot” his administration announced an enhanced engagement in Asia. The outcome would appear to be a commitment for the US to play an increasing leadership role in Asia for decades to come, perhaps at the expense of other regions of the world.

It was with great satisfaction that we heard the President in his most recent State of the Union address state that he will aggressively pursue a comprehensive Transatlantic Trade and Investment Partnership with the European Union. This initiative is important on many levels. Hopefully it could jump-start global trade talks that have seen round after round of negotiations end without progress. Of most immediate significance, however, will be the economic benefits of expanded trade and investment to the citizens of the US and the EU.

Few Americans understand the extent to which our standard of living, our economy and our quality of life are dependent on a strong, vibrant and successful Europe. The US and the EU represent the two largest economies in the world and, not surprisingly, they have the largest bilateral trade relationship in the world. Taken together, the economies of these two regions account for almost 50% of world GDP. Their combined trade flows with the world account for almost one third of global trade.

The US exports over $459 billion in goods and services to the EU annually, and Europe is our largest export market. This trade activity supports an estimated 2.4 million American jobs. Cross-border flows of investment between the United States and the European Union are also significant: The United States and the European Union have directly invested more than $3.7 trillion on both sides of the Atlantic. Over 3.6 million US workers are directly employed by European firms. While Asia is and will continue to be an area of immense importance to us, we cannot lose sight of the fact that total US investment in the EU is three times higher than in all of Asia and that EU investment in the US is eight times the amount of EU investment in India and China together.

This is why all Americans have an interest in the outcome of the Transatlantic Trade and Investment Partnership with the European Union.

Given the low average tariffs between the two regions (under 3%), the fact that the transatlantic talks will be between two economies that largely support free trade, and that the EU and US are at the same level of economic development, it would appear that our trade negotiators should meet with. But the challenge to reaching agreement will involve a number of difficult non-tariff barriers. These barriers are partially driven by diverging regulatory systems, deferring standards, concerns with security, consumer protection, sanitary and phytosanitary (SPS) issues.  But these barriers are often erected by special interests seeking to fend off foreign competition.

Americans have an immediate, vested interest in the success of these trade talks. An agreement between the United States and the European Union will provide an impetus for new free trade initiatives worldwide. More immediately, it will help lift the world’s two largest economies, creating hundreds of thousands of jobs for our citizens.

Share This Story On:

Why Europe Matters

By

Back to Top Comments Email Print

Latest News

Capital One names S. Jersey market boss

By Eric Strauss
January 27, 2015 12:02 PM

CONTINUE READING

Regulators give thumbs-up to S. Jersey bank deal

By Eric Strauss
January 27, 2015 11:39 AM

CONTINUE READING

advertisement

Promotions company jumps into sports pool business with deal

By Eric Strauss
January 27, 2015 10:11 AM

CONTINUE READING

Digital industry group names new CEO

By Eric Strauss
January 27, 2015 10:47 AM

CONTINUE READING

Higher costs weigh on J&J Snack Foods earnings

By Eric Strauss
January 27, 2015 11:23 AM

CONTINUE READING

I.D. Systems gets $850K in purchase orders for six end users

By January 26, 2015 10:17 AM

CONTINUE READING

South Jersey Industries declares quarterly dividend

By Eric Strauss
January 26, 2015 10:01 AM

CONTINUE READING

advertisement

The Obama administration's overall posture toward Asia has taken a heightened sense of urgency. In a strategy called a “pivot” his administration announced an enhanced engagement in Asia. The outcome would appear to be a commitment for the US to play an increasing leadership role in Asia for decades to come, perhaps at the expense of other regions of the world.

It was with great satisfaction that we heard the President in his most recent State of the Union address state that he will aggressively pursue a comprehensive Transatlantic Trade and Investment Partnership with the European Union. This initiative is important on many levels. Hopefully it could jump-start global trade talks that have seen round after round of negotiations end without progress. Of most immediate significance, however, will be the economic benefits of expanded trade and investment to the citizens of the US and the EU.

Few Americans understand the extent to which our standard of living, our economy and our quality of life are dependent on a strong, vibrant and successful Europe. The US and the EU represent the two largest economies in the world and, not surprisingly, they have the largest bilateral trade relationship in the world. Taken together, the economies of these two regions account for almost 50% of world GDP. Their combined trade flows with the world account for almost one third of global trade.

The US exports over $459 billion in goods and services to the EU annually, and Europe is our largest export market. This trade activity supports an estimated 2.4 million American jobs. Cross-border flows of investment between the United States and the European Union are also significant: The United States and the European Union have directly invested more than $3.7 trillion on both sides of the Atlantic. Over 3.6 million US workers are directly employed by European firms. While Asia is and will continue to be an area of immense importance to us, we cannot lose sight of the fact that total US investment in the EU is three times higher than in all of Asia and that EU investment in the US is eight times the amount of EU investment in India and China together.

This is why all Americans have an interest in the outcome of the Transatlantic Trade and Investment Partnership with the European Union.

Given the low average tariffs between the two regions (under 3%), the fact that the transatlantic talks will be between two economies that largely support free trade, and that the EU and US are at the same level of economic development, it would appear that our trade negotiators should meet with. But the challenge to reaching agreement will involve a number of difficult non-tariff barriers. These barriers are partially driven by diverging regulatory systems, deferring standards, concerns with security, consumer protection, sanitary and phytosanitary (SPS) issues.  But these barriers are often erected by special interests seeking to fend off foreign competition.

Americans have an immediate, vested interest in the success of these trade talks. An agreement between the United States and the European Union will provide an impetus for new free trade initiatives worldwide. More immediately, it will help lift the world’s two largest economies, creating hundreds of thousands of jobs for our citizens.

Share This Story On:

Why Europe Matters

By

Back to Top Comments Email Print

Latest News

Capital One names S. Jersey market boss

By Eric Strauss
January 27, 2015 12:02 PM

CONTINUE READING

Regulators give thumbs-up to S. Jersey bank deal

By Eric Strauss
January 27, 2015 11:39 AM

CONTINUE READING

advertisement

Promotions company jumps into sports pool business with deal

By Eric Strauss
January 27, 2015 10:11 AM

CONTINUE READING

Digital industry group names new CEO

By Eric Strauss
January 27, 2015 10:47 AM

CONTINUE READING

Higher costs weigh on J&J Snack Foods earnings

By Eric Strauss
January 27, 2015 11:23 AM

CONTINUE READING

I.D. Systems gets $850K in purchase orders for six end users

By January 26, 2015 10:17 AM

CONTINUE READING

South Jersey Industries declares quarterly dividend

By Eric Strauss
January 26, 2015 10:01 AM

CONTINUE READING

advertisement

The Obama administration's overall posture toward Asia has taken a heightened sense of urgency. In a strategy called a “pivot” his administration announced an enhanced engagement in Asia. The outcome would appear to be a commitment for the US to play an increasing leadership role in Asia for decades to come, perhaps at the expense of other regions of the world.

It was with great satisfaction that we heard the President in his most recent State of the Union address state that he will aggressively pursue a comprehensive Transatlantic Trade and Investment Partnership with the European Union. This initiative is important on many levels. Hopefully it could jump-start global trade talks that have seen round after round of negotiations end without progress. Of most immediate significance, however, will be the economic benefits of expanded trade and investment to the citizens of the US and the EU.

Few Americans understand the extent to which our standard of living, our economy and our quality of life are dependent on a strong, vibrant and successful Europe. The US and the EU represent the two largest economies in the world and, not surprisingly, they have the largest bilateral trade relationship in the world. Taken together, the economies of these two regions account for almost 50% of world GDP. Their combined trade flows with the world account for almost one third of global trade.

The US exports over $459 billion in goods and services to the EU annually, and Europe is our largest export market. This trade activity supports an estimated 2.4 million American jobs. Cross-border flows of investment between the United States and the European Union are also significant: The United States and the European Union have directly invested more than $3.7 trillion on both sides of the Atlantic. Over 3.6 million US workers are directly employed by European firms. While Asia is and will continue to be an area of immense importance to us, we cannot lose sight of the fact that total US investment in the EU is three times higher than in all of Asia and that EU investment in the US is eight times the amount of EU investment in India and China together.

This is why all Americans have an interest in the outcome of the Transatlantic Trade and Investment Partnership with the European Union.

Given the low average tariffs between the two regions (under 3%), the fact that the transatlantic talks will be between two economies that largely support free trade, and that the EU and US are at the same level of economic development, it would appear that our trade negotiators should meet with. But the challenge to reaching agreement will involve a number of difficult non-tariff barriers. These barriers are partially driven by diverging regulatory systems, deferring standards, concerns with security, consumer protection, sanitary and phytosanitary (SPS) issues.  But these barriers are often erected by special interests seeking to fend off foreign competition.

Americans have an immediate, vested interest in the success of these trade talks. An agreement between the United States and the European Union will provide an impetus for new free trade initiatives worldwide. More immediately, it will help lift the world’s two largest economies, creating hundreds of thousands of jobs for our citizens.

Share This Story On:

Why Europe Matters

By

Back to Top Comments Email Print

Latest News

Capital One names S. Jersey market boss

By Eric Strauss
January 27, 2015 12:02 PM

CONTINUE READING

Regulators give thumbs-up to S. Jersey bank deal

By Eric Strauss
January 27, 2015 11:39 AM

CONTINUE READING

advertisement

Promotions company jumps into sports pool business with deal

By Eric Strauss
January 27, 2015 10:11 AM

CONTINUE READING

Digital industry group names new CEO

By Eric Strauss
January 27, 2015 10:47 AM

CONTINUE READING

Higher costs weigh on J&J Snack Foods earnings

By Eric Strauss
January 27, 2015 11:23 AM

CONTINUE READING

I.D. Systems gets $850K in purchase orders for six end users

By January 26, 2015 10:17 AM

CONTINUE READING

South Jersey Industries declares quarterly dividend

By Eric Strauss
January 26, 2015 10:01 AM

CONTINUE READING

advertisement

The Obama administration's overall posture toward Asia has taken a heightened sense of urgency. In a strategy called a “pivot” his administration announced an enhanced engagement in Asia. The outcome would appear to be a commitment for the US to play an increasing leadership role in Asia for decades to come, perhaps at the expense of other regions of the world.

It was with great satisfaction that we heard the President in his most recent State of the Union address state that he will aggressively pursue a comprehensive Transatlantic Trade and Investment Partnership with the European Union. This initiative is important on many levels. Hopefully it could jump-start global trade talks that have seen round after round of negotiations end without progress. Of most immediate significance, however, will be the economic benefits of expanded trade and investment to the citizens of the US and the EU.

Few Americans understand the extent to which our standard of living, our economy and our quality of life are dependent on a strong, vibrant and successful Europe. The US and the EU represent the two largest economies in the world and, not surprisingly, they have the largest bilateral trade relationship in the world. Taken together, the economies of these two regions account for almost 50% of world GDP. Their combined trade flows with the world account for almost one third of global trade.

The US exports over $459 billion in goods and services to the EU annually, and Europe is our largest export market. This trade activity supports an estimated 2.4 million American jobs. Cross-border flows of investment between the United States and the European Union are also significant: The United States and the European Union have directly invested more than $3.7 trillion on both sides of the Atlantic. Over 3.6 million US workers are directly employed by European firms. While Asia is and will continue to be an area of immense importance to us, we cannot lose sight of the fact that total US investment in the EU is three times higher than in all of Asia and that EU investment in the US is eight times the amount of EU investment in India and China together.

This is why all Americans have an interest in the outcome of the Transatlantic Trade and Investment Partnership with the European Union.

Given the low average tariffs between the two regions (under 3%), the fact that the transatlantic talks will be between two economies that largely support free trade, and that the EU and US are at the same level of economic development, it would appear that our trade negotiators should meet with. But the challenge to reaching agreement will involve a number of difficult non-tariff barriers. These barriers are partially driven by diverging regulatory systems, deferring standards, concerns with security, consumer protection, sanitary and phytosanitary (SPS) issues.  But these barriers are often erected by special interests seeking to fend off foreign competition.

Americans have an immediate, vested interest in the success of these trade talks. An agreement between the United States and the European Union will provide an impetus for new free trade initiatives worldwide. More immediately, it will help lift the world’s two largest economies, creating hundreds of thousands of jobs for our citizens.

Share This Story On:

Why Europe Matters

By

Back to Top Comments Email Print

Latest News

Capital One names S. Jersey market boss

By Eric Strauss
January 27, 2015 12:02 PM

CONTINUE READING

Regulators give thumbs-up to S. Jersey bank deal

By Eric Strauss
January 27, 2015 11:39 AM

CONTINUE READING

advertisement

Promotions company jumps into sports pool business with deal

By Eric Strauss
January 27, 2015 10:11 AM

CONTINUE READING

Digital industry group names new CEO

By Eric Strauss
January 27, 2015 10:47 AM

CONTINUE READING

Higher costs weigh on J&J Snack Foods earnings

By Eric Strauss
January 27, 2015 11:23 AM

CONTINUE READING

I.D. Systems gets $850K in purchase orders for six end users

By January 26, 2015 10:17 AM

CONTINUE READING

South Jersey Industries declares quarterly dividend

By Eric Strauss
January 26, 2015 10:01 AM

CONTINUE READING

advertisement

The Obama administration's overall posture toward Asia has taken a heightened sense of urgency. In a strategy called a “pivot” his administration announced an enhanced engagement in Asia. The outcome would appear to be a commitment for the US to play an increasing leadership role in Asia for decades to come, perhaps at the expense of other regions of the world.

It was with great satisfaction that we heard the President in his most recent State of the Union address state that he will aggressively pursue a comprehensive Transatlantic Trade and Investment Partnership with the European Union. This initiative is important on many levels. Hopefully it could jump-start global trade talks that have seen round after round of negotiations end without progress. Of most immediate significance, however, will be the economic benefits of expanded trade and investment to the citizens of the US and the EU.

Few Americans understand the extent to which our standard of living, our economy and our quality of life are dependent on a strong, vibrant and successful Europe. The US and the EU represent the two largest economies in the world and, not surprisingly, they have the largest bilateral trade relationship in the world. Taken together, the economies of these two regions account for almost 50% of world GDP. Their combined trade flows with the world account for almost one third of global trade.

The US exports over $459 billion in goods and services to the EU annually, and Europe is our largest export market. This trade activity supports an estimated 2.4 million American jobs. Cross-border flows of investment between the United States and the European Union are also significant: The United States and the European Union have directly invested more than $3.7 trillion on both sides of the Atlantic. Over 3.6 million US workers are directly employed by European firms. While Asia is and will continue to be an area of immense importance to us, we cannot lose sight of the fact that total US investment in the EU is three times higher than in all of Asia and that EU investment in the US is eight times the amount of EU investment in India and China together.

This is why all Americans have an interest in the outcome of the Transatlantic Trade and Investment Partnership with the European Union.

Given the low average tariffs between the two regions (under 3%), the fact that the transatlantic talks will be between two economies that largely support free trade, and that the EU and US are at the same level of economic development, it would appear that our trade negotiators should meet with. But the challenge to reaching agreement will involve a number of difficult non-tariff barriers. These barriers are partially driven by diverging regulatory systems, deferring standards, concerns with security, consumer protection, sanitary and phytosanitary (SPS) issues.  But these barriers are often erected by special interests seeking to fend off foreign competition.

Americans have an immediate, vested interest in the success of these trade talks. An agreement between the United States and the European Union will provide an impetus for new free trade initiatives worldwide. More immediately, it will help lift the world’s two largest economies, creating hundreds of thousands of jobs for our citizens.

Share This Story On:

Why Europe Matters

By

Back to Top Comments Email Print

Latest News

Capital One names S. Jersey market boss

By Eric Strauss
January 27, 2015 12:02 PM

CONTINUE READING

Regulators give thumbs-up to S. Jersey bank deal

By Eric Strauss
January 27, 2015 11:39 AM

CONTINUE READING

advertisement

Promotions company jumps into sports pool business with deal

By Eric Strauss
January 27, 2015 10:11 AM

CONTINUE READING

Digital industry group names new CEO

By Eric Strauss
January 27, 2015 10:47 AM

CONTINUE READING

Higher costs weigh on J&J Snack Foods earnings

By Eric Strauss
January 27, 2015 11:23 AM

CONTINUE READING

I.D. Systems gets $850K in purchase orders for six end users

By January 26, 2015 10:17 AM

CONTINUE READING

South Jersey Industries declares quarterly dividend

By Eric Strauss
January 26, 2015 10:01 AM

CONTINUE READING

advertisement

The Obama administration's overall posture toward Asia has taken a heightened sense of urgency. In a strategy called a “pivot” his administration announced an enhanced engagement in Asia. The outcome would appear to be a commitment for the US to play an increasing leadership role in Asia for decades to come, perhaps at the expense of other regions of the world.

It was with great satisfaction that we heard the President in his most recent State of the Union address state that he will aggressively pursue a comprehensive Transatlantic Trade and Investment Partnership with the European Union. This initiative is important on many levels. Hopefully it could jump-start global trade talks that have seen round after round of negotiations end without progress. Of most immediate significance, however, will be the economic benefits of expanded trade and investment to the citizens of the US and the EU.

Few Americans understand the extent to which our standard of living, our economy and our quality of life are dependent on a strong, vibrant and successful Europe. The US and the EU represent the two largest economies in the world and, not surprisingly, they have the largest bilateral trade relationship in the world. Taken together, the economies of these two regions account for almost 50% of world GDP. Their combined trade flows with the world account for almost one third of global trade.

The US exports over $459 billion in goods and services to the EU annually, and Europe is our largest export market. This trade activity supports an estimated 2.4 million American jobs. Cross-border flows of investment between the United States and the European Union are also significant: The United States and the European Union have directly invested more than $3.7 trillion on both sides of the Atlantic. Over 3.6 million US workers are directly employed by European firms. While Asia is and will continue to be an area of immense importance to us, we cannot lose sight of the fact that total US investment in the EU is three times higher than in all of Asia and that EU investment in the US is eight times the amount of EU investment in India and China together.

This is why all Americans have an interest in the outcome of the Transatlantic Trade and Investment Partnership with the European Union.

Given the low average tariffs between the two regions (under 3%), the fact that the transatlantic talks will be between two economies that largely support free trade, and that the EU and US are at the same level of economic development, it would appear that our trade negotiators should meet with. But the challenge to reaching agreement will involve a number of difficult non-tariff barriers. These barriers are partially driven by diverging regulatory systems, deferring standards, concerns with security, consumer protection, sanitary and phytosanitary (SPS) issues.  But these barriers are often erected by special interests seeking to fend off foreign competition.

Americans have an immediate, vested interest in the success of these trade talks. An agreement between the United States and the European Union will provide an impetus for new free trade initiatives worldwide. More immediately, it will help lift the world’s two largest economies, creating hundreds of thousands of jobs for our citizens.

Share This Story On:

Why Europe Matters

By

Back to Top Comments Email Print

Latest News

Capital One names S. Jersey market boss

By Eric Strauss
January 27, 2015 12:02 PM

CONTINUE READING

Regulators give thumbs-up to S. Jersey bank deal

By Eric Strauss
January 27, 2015 11:39 AM

CONTINUE READING

advertisement

Promotions company jumps into sports pool business with deal

By Eric Strauss
January 27, 2015 10:11 AM

CONTINUE READING

Digital industry group names new CEO

By Eric Strauss
January 27, 2015 10:47 AM

CONTINUE READING

Higher costs weigh on J&J Snack Foods earnings

By Eric Strauss
January 27, 2015 11:23 AM

CONTINUE READING

I.D. Systems gets $850K in purchase orders for six end users

By January 26, 2015 10:17 AM

CONTINUE READING

South Jersey Industries declares quarterly dividend

By Eric Strauss
January 26, 2015 10:01 AM

CONTINUE READING

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The Obama administration's overall posture toward Asia has taken a heightened sense of urgency. In a strategy called a “pivot” his administration announced an enhanced engagement in Asia. The outcome would appear to be a commitment for the US to play an increasing leadership role in Asia for decades to come, perhaps at the expense of other regions of the world.

It was with great satisfaction that we heard the President in his most recent State of the Union address state that he will aggressively pursue a comprehensive Transatlantic Trade and Investment Partnership with the European Union. This initiative is important on many levels. Hopefully it could jump-start global trade talks that have seen round after round of negotiations end without progress. Of most immediate significance, however, will be the economic benefits of expanded trade and investment to the citizens of the US and the EU.

Few Americans understand the extent to which our standard of living, our economy and our quality of life are dependent on a strong, vibrant and successful Europe. The US and the EU represent the two largest economies in the world and, not surprisingly, they have the largest bilateral trade relationship in the world. Taken together, the economies of these two regions account for almost 50% of world GDP. Their combined trade flows with the world account for almost one third of global trade.

The US exports over $459 billion in goods and services to the EU annually, and Europe is our largest export market. This trade activity supports an estimated 2.4 million American jobs. Cross-border flows of investment between the United States and the European Union are also significant: The United States and the European Union have directly invested more than $3.7 trillion on both sides of the Atlantic. Over 3.6 million US workers are directly employed by European firms. While Asia is and will continue to be an area of immense importance to us, we cannot lose sight of the fact that total US investment in the EU is three times higher than in all of Asia and that EU investment in the US is eight times the amount of EU investment in India and China together.

This is why all Americans have an interest in the outcome of the Transatlantic Trade and Investment Partnership with the European Union.

Given the low average tariffs between the two regions (under 3%), the fact that the transatlantic talks will be between two economies that largely support free trade, and that the EU and US are at the same level of economic development, it would appear that our trade negotiators should meet with. But the challenge to reaching agreement will involve a number of difficult non-tariff barriers. These barriers are partially driven by diverging regulatory systems, deferring standards, concerns with security, consumer protection, sanitary and phytosanitary (SPS) issues.  But these barriers are often erected by special interests seeking to fend off foreign competition.

Americans have an immediate, vested interest in the success of these trade talks. An agreement between the United States and the European Union will provide an impetus for new free trade initiatives worldwide. More immediately, it will help lift the world’s two largest economies, creating hundreds of thousands of jobs for our citizens.

Share This Story On:

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Capital One names S. Jersey market boss

By Eric Strauss
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Regulators give thumbs-up to S. Jersey bank deal

By Eric Strauss
January 27, 2015 11:39 AM

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Promotions company jumps into sports pool business with deal

By Eric Strauss
January 27, 2015 10:11 AM

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Digital industry group names new CEO

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January 27, 2015 11:23 AM

CONTINUE READING

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By January 26, 2015 10:17 AM

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South Jersey Industries declares quarterly dividend

By Eric Strauss
January 26, 2015 10:01 AM

CONTINUE READING

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The Obama administration's overall posture toward Asia has taken a heightened sense of urgency. In a strategy called a “pivot” his administration announced an enhanced engagement in Asia. The outcome would appear to be a commitment for the US to play an increasing leadership role in Asia for decades to come, perhaps at the expense of other regions of the world.

It was with great satisfaction that we heard the President in his most recent State of the Union address state that he will aggressively pursue a comprehensive Transatlantic Trade and Investment Partnership with the European Union. This initiative is important on many levels. Hopefully it could jump-start global trade talks that have seen round after round of negotiations end without progress. Of most immediate significance, however, will be the economic benefits of expanded trade and investment to the citizens of the US and the EU.

Few Americans understand the extent to which our standard of living, our economy and our quality of life are dependent on a strong, vibrant and successful Europe. The US and the EU represent the two largest economies in the world and, not surprisingly, they have the largest bilateral trade relationship in the world. Taken together, the economies of these two regions account for almost 50% of world GDP. Their combined trade flows with the world account for almost one third of global trade.

The US exports over $459 billion in goods and services to the EU annually, and Europe is our largest export market. This trade activity supports an estimated 2.4 million American jobs. Cross-border flows of investment between the United States and the European Union are also significant: The United States and the European Union have directly invested more than $3.7 trillion on both sides of the Atlantic. Over 3.6 million US workers are directly employed by European firms. While Asia is and will continue to be an area of immense importance to us, we cannot lose sight of the fact that total US investment in the EU is three times higher than in all of Asia and that EU investment in the US is eight times the amount of EU investment in India and China together.

This is why all Americans have an interest in the outcome of the Transatlantic Trade and Investment Partnership with the European Union.

Given the low average tariffs between the two regions (under 3%), the fact that the transatlantic talks will be between two economies that largely support free trade, and that the EU and US are at the same level of economic development, it would appear that our trade negotiators should meet with. But the challenge to reaching agreement will involve a number of difficult non-tariff barriers. These barriers are partially driven by diverging regulatory systems, deferring standards, concerns with security, consumer protection, sanitary and phytosanitary (SPS) issues.  But these barriers are often erected by special interests seeking to fend off foreign competition.

Americans have an immediate, vested interest in the success of these trade talks. An agreement between the United States and the European Union will provide an impetus for new free trade initiatives worldwide. More immediately, it will help lift the world’s two largest economies, creating hundreds of thousands of jobs for our citizens.

Share This Story On:

Why Europe Matters

By

Back to Top Comments Email Print

Latest News

Capital One names S. Jersey market boss

By Eric Strauss
January 27, 2015 12:02 PM

CONTINUE READING

Regulators give thumbs-up to S. Jersey bank deal

By Eric Strauss
January 27, 2015 11:39 AM

CONTINUE READING

advertisement

Promotions company jumps into sports pool business with deal

By Eric Strauss
January 27, 2015 10:11 AM

CONTINUE READING

Digital industry group names new CEO

By Eric Strauss
January 27, 2015 10:47 AM

CONTINUE READING

Higher costs weigh on J&J Snack Foods earnings

By Eric Strauss
January 27, 2015 11:23 AM

CONTINUE READING

I.D. Systems gets $850K in purchase orders for six end users

By January 26, 2015 10:17 AM

CONTINUE READING

South Jersey Industries declares quarterly dividend

By Eric Strauss
January 26, 2015 10:01 AM

CONTINUE READING

advertisement

The Obama administration's overall posture toward Asia has taken a heightened sense of urgency. In a strategy called a “pivot” his administration announced an enhanced engagement in Asia. The outcome would appear to be a commitment for the US to play an increasing leadership role in Asia for decades to come, perhaps at the expense of other regions of the world.

It was with great satisfaction that we heard the President in his most recent State of the Union address state that he will aggressively pursue a comprehensive Transatlantic Trade and Investment Partnership with the European Union. This initiative is important on many levels. Hopefully it could jump-start global trade talks that have seen round after round of negotiations end without progress. Of most immediate significance, however, will be the economic benefits of expanded trade and investment to the citizens of the US and the EU.

Few Americans understand the extent to which our standard of living, our economy and our quality of life are dependent on a strong, vibrant and successful Europe. The US and the EU represent the two largest economies in the world and, not surprisingly, they have the largest bilateral trade relationship in the world. Taken together, the economies of these two regions account for almost 50% of world GDP. Their combined trade flows with the world account for almost one third of global trade.

The US exports over $459 billion in goods and services to the EU annually, and Europe is our largest export market. This trade activity supports an estimated 2.4 million American jobs. Cross-border flows of investment between the United States and the European Union are also significant: The United States and the European Union have directly invested more than $3.7 trillion on both sides of the Atlantic. Over 3.6 million US workers are directly employed by European firms. While Asia is and will continue to be an area of immense importance to us, we cannot lose sight of the fact that total US investment in the EU is three times higher than in all of Asia and that EU investment in the US is eight times the amount of EU investment in India and China together.

This is why all Americans have an interest in the outcome of the Transatlantic Trade and Investment Partnership with the European Union.

Given the low average tariffs between the two regions (under 3%), the fact that the transatlantic talks will be between two economies that largely support free trade, and that the EU and US are at the same level of economic development, it would appear that our trade negotiators should meet with. But the challenge to reaching agreement will involve a number of difficult non-tariff barriers. These barriers are partially driven by diverging regulatory systems, deferring standards, concerns with security, consumer protection, sanitary and phytosanitary (SPS) issues.  But these barriers are often erected by special interests seeking to fend off foreign competition.

Americans have an immediate, vested interest in the success of these trade talks. An agreement between the United States and the European Union will provide an impetus for new free trade initiatives worldwide. More immediately, it will help lift the world’s two largest economies, creating hundreds of thousands of jobs for our citizens.

Share This Story On:

Why Europe Matters

By

Back to Top Comments Email Print

Latest News

Capital One names S. Jersey market boss

By Eric Strauss
January 27, 2015 12:02 PM

CONTINUE READING

Regulators give thumbs-up to S. Jersey bank deal

By Eric Strauss
January 27, 2015 11:39 AM

CONTINUE READING

advertisement

Promotions company jumps into sports pool business with deal

By Eric Strauss
January 27, 2015 10:11 AM

CONTINUE READING

Digital industry group names new CEO

By Eric Strauss
January 27, 2015 10:47 AM

CONTINUE READING

Higher costs weigh on J&J Snack Foods earnings

By Eric Strauss
January 27, 2015 11:23 AM

CONTINUE READING

I.D. Systems gets $850K in purchase orders for six end users

By January 26, 2015 10:17 AM

CONTINUE READING

South Jersey Industries declares quarterly dividend

By Eric Strauss
January 26, 2015 10:01 AM

CONTINUE READING

advertisement

The Obama administration's overall posture toward Asia has taken a heightened sense of urgency. In a strategy called a “pivot” his administration announced an enhanced engagement in Asia. The outcome would appear to be a commitment for the US to play an increasing leadership role in Asia for decades to come, perhaps at the expense of other regions of the world.

It was with great satisfaction that we heard the President in his most recent State of the Union address state that he will aggressively pursue a comprehensive Transatlantic Trade and Investment Partnership with the European Union. This initiative is important on many levels. Hopefully it could jump-start global trade talks that have seen round after round of negotiations end without progress. Of most immediate significance, however, will be the economic benefits of expanded trade and investment to the citizens of the US and the EU.

Few Americans understand the extent to which our standard of living, our economy and our quality of life are dependent on a strong, vibrant and successful Europe. The US and the EU represent the two largest economies in the world and, not surprisingly, they have the largest bilateral trade relationship in the world. Taken together, the economies of these two regions account for almost 50% of world GDP. Their combined trade flows with the world account for almost one third of global trade.

The US exports over $459 billion in goods and services to the EU annually, and Europe is our largest export market. This trade activity supports an estimated 2.4 million American jobs. Cross-border flows of investment between the United States and the European Union are also significant: The United States and the European Union have directly invested more than $3.7 trillion on both sides of the Atlantic. Over 3.6 million US workers are directly employed by European firms. While Asia is and will continue to be an area of immense importance to us, we cannot lose sight of the fact that total US investment in the EU is three times higher than in all of Asia and that EU investment in the US is eight times the amount of EU investment in India and China together.

This is why all Americans have an interest in the outcome of the Transatlantic Trade and Investment Partnership with the European Union.

Given the low average tariffs between the two regions (under 3%), the fact that the transatlantic talks will be between two economies that largely support free trade, and that the EU and US are at the same level of economic development, it would appear that our trade negotiators should meet with. But the challenge to reaching agreement will involve a number of difficult non-tariff barriers. These barriers are partially driven by diverging regulatory systems, deferring standards, concerns with security, consumer protection, sanitary and phytosanitary (SPS) issues.  But these barriers are often erected by special interests seeking to fend off foreign competition.

Americans have an immediate, vested interest in the success of these trade talks. An agreement between the United States and the European Union will provide an impetus for new free trade initiatives worldwide. More immediately, it will help lift the world’s two largest economies, creating hundreds of thousands of jobs for our citizens.

Share This Story On:

Why Europe Matters

By

Back to Top Comments Email Print

Latest News

Capital One names S. Jersey market boss

By Eric Strauss
January 27, 2015 12:02 PM

CONTINUE READING

Regulators give thumbs-up to S. Jersey bank deal

By Eric Strauss
January 27, 2015 11:39 AM

CONTINUE READING

advertisement

Promotions company jumps into sports pool business with deal

By Eric Strauss
January 27, 2015 10:11 AM

CONTINUE READING

Digital industry group names new CEO

By Eric Strauss
January 27, 2015 10:47 AM

CONTINUE READING

Higher costs weigh on J&J Snack Foods earnings

By Eric Strauss
January 27, 2015 11:23 AM

CONTINUE READING

I.D. Systems gets $850K in purchase orders for six end users

By January 26, 2015 10:17 AM

CONTINUE READING

South Jersey Industries declares quarterly dividend

By Eric Strauss
January 26, 2015 10:01 AM

CONTINUE READING

advertisement

The Obama administration's overall posture toward Asia has taken a heightened sense of urgency. In a strategy called a “pivot” his administration announced an enhanced engagement in Asia. The outcome would appear to be a commitment for the US to play an increasing leadership role in Asia for decades to come, perhaps at the expense of other regions of the world.

It was with great satisfaction that we heard the President in his most recent State of the Union address state that he will aggressively pursue a comprehensive Transatlantic Trade and Investment Partnership with the European Union. This initiative is important on many levels. Hopefully it could jump-start global trade talks that have seen round after round of negotiations end without progress. Of most immediate significance, however, will be the economic benefits of expanded trade and investment to the citizens of the US and the EU.

Few Americans understand the extent to which our standard of living, our economy and our quality of life are dependent on a strong, vibrant and successful Europe. The US and the EU represent the two largest economies in the world and, not surprisingly, they have the largest bilateral trade relationship in the world. Taken together, the economies of these two regions account for almost 50% of world GDP. Their combined trade flows with the world account for almost one third of global trade.

The US exports over $459 billion in goods and services to the EU annually, and Europe is our largest export market. This trade activity supports an estimated 2.4 million American jobs. Cross-border flows of investment between the United States and the European Union are also significant: The United States and the European Union have directly invested more than $3.7 trillion on both sides of the Atlantic. Over 3.6 million US workers are directly employed by European firms. While Asia is and will continue to be an area of immense importance to us, we cannot lose sight of the fact that total US investment in the EU is three times higher than in all of Asia and that EU investment in the US is eight times the amount of EU investment in India and China together.

This is why all Americans have an interest in the outcome of the Transatlantic Trade and Investment Partnership with the European Union.

Given the low average tariffs between the two regions (under 3%), the fact that the transatlantic talks will be between two economies that largely support free trade, and that the EU and US are at the same level of economic development, it would appear that our trade negotiators should meet with. But the challenge to reaching agreement will involve a number of difficult non-tariff barriers. These barriers are partially driven by diverging regulatory systems, deferring standards, concerns with security, consumer protection, sanitary and phytosanitary (SPS) issues.  But these barriers are often erected by special interests seeking to fend off foreign competition.

Americans have an immediate, vested interest in the success of these trade talks. An agreement between the United States and the European Union will provide an impetus for new free trade initiatives worldwide. More immediately, it will help lift the world’s two largest economies, creating hundreds of thousands of jobs for our citizens.

Share This Story On:

Why Europe Matters

By

Back to Top Comments Email Print

Latest News

Capital One names S. Jersey market boss

By Eric Strauss
January 27, 2015 12:02 PM

CONTINUE READING

Regulators give thumbs-up to S. Jersey bank deal

By Eric Strauss
January 27, 2015 11:39 AM

CONTINUE READING

advertisement

Promotions company jumps into sports pool business with deal

By Eric Strauss
January 27, 2015 10:11 AM

CONTINUE READING

Digital industry group names new CEO

By Eric Strauss
January 27, 2015 10:47 AM

CONTINUE READING

Higher costs weigh on J&J Snack Foods earnings

By Eric Strauss
January 27, 2015 11:23 AM

CONTINUE READING

I.D. Systems gets $850K in purchase orders for six end users

By January 26, 2015 10:17 AM

CONTINUE READING

South Jersey Industries declares quarterly dividend

By Eric Strauss
January 26, 2015 10:01 AM

CONTINUE READING

advertisement

The Obama administration's overall posture toward Asia has taken a heightened sense of urgency. In a strategy called a “pivot” his administration announced an enhanced engagement in Asia. The outcome would appear to be a commitment for the US to play an increasing leadership role in Asia for decades to come, perhaps at the expense of other regions of the world.

It was with great satisfaction that we heard the President in his most recent State of the Union address state that he will aggressively pursue a comprehensive Transatlantic Trade and Investment Partnership with the European Union. This initiative is important on many levels. Hopefully it could jump-start global trade talks that have seen round after round of negotiations end without progress. Of most immediate significance, however, will be the economic benefits of expanded trade and investment to the citizens of the US and the EU.

Few Americans understand the extent to which our standard of living, our economy and our quality of life are dependent on a strong, vibrant and successful Europe. The US and the EU represent the two largest economies in the world and, not surprisingly, they have the largest bilateral trade relationship in the world. Taken together, the economies of these two regions account for almost 50% of world GDP. Their combined trade flows with the world account for almost one third of global trade.

The US exports over $459 billion in goods and services to the EU annually, and Europe is our largest export market. This trade activity supports an estimated 2.4 million American jobs. Cross-border flows of investment between the United States and the European Union are also significant: The United States and the European Union have directly invested more than $3.7 trillion on both sides of the Atlantic. Over 3.6 million US workers are directly employed by European firms. While Asia is and will continue to be an area of immense importance to us, we cannot lose sight of the fact that total US investment in the EU is three times higher than in all of Asia and that EU investment in the US is eight times the amount of EU investment in India and China together.

This is why all Americans have an interest in the outcome of the Transatlantic Trade and Investment Partnership with the European Union.

Given the low average tariffs between the two regions (under 3%), the fact that the transatlantic talks will be between two economies that largely support free trade, and that the EU and US are at the same level of economic development, it would appear that our trade negotiators should meet with. But the challenge to reaching agreement will involve a number of difficult non-tariff barriers. These barriers are partially driven by diverging regulatory systems, deferring standards, concerns with security, consumer protection, sanitary and phytosanitary (SPS) issues.  But these barriers are often erected by special interests seeking to fend off foreign competition.

Americans have an immediate, vested interest in the success of these trade talks. An agreement between the United States and the European Union will provide an impetus for new free trade initiatives worldwide. More immediately, it will help lift the world’s two largest economies, creating hundreds of thousands of jobs for our citizens.

Share This Story On:

Why Europe Matters

By

Back to Top Comments Email Print

Latest News

Capital One names S. Jersey market boss

By Eric Strauss
January 27, 2015 12:02 PM

CONTINUE READING

Regulators give thumbs-up to S. Jersey bank deal

By Eric Strauss
January 27, 2015 11:39 AM

CONTINUE READING

advertisement

Promotions company jumps into sports pool business with deal

By Eric Strauss
January 27, 2015 10:11 AM

CONTINUE READING

Digital industry group names new CEO

By Eric Strauss
January 27, 2015 10:47 AM

CONTINUE READING

Higher costs weigh on J&J Snack Foods earnings

By Eric Strauss
January 27, 2015 11:23 AM

CONTINUE READING

I.D. Systems gets $850K in purchase orders for six end users

By January 26, 2015 10:17 AM

CONTINUE READING

South Jersey Industries declares quarterly dividend

By Eric Strauss
January 26, 2015 10:01 AM

CONTINUE READING

advertisement

The Obama administration's overall posture toward Asia has taken a heightened sense of urgency. In a strategy called a “pivot” his administration announced an enhanced engagement in Asia. The outcome would appear to be a commitment for the US to play an increasing leadership role in Asia for decades to come, perhaps at the expense of other regions of the world.

It was with great satisfaction that we heard the President in his most recent State of the Union address state that he will aggressively pursue a comprehensive Transatlantic Trade and Investment Partnership with the European Union. This initiative is important on many levels. Hopefully it could jump-start global trade talks that have seen round after round of negotiations end without progress. Of most immediate significance, however, will be the economic benefits of expanded trade and investment to the citizens of the US and the EU.

Few Americans understand the extent to which our standard of living, our economy and our quality of life are dependent on a strong, vibrant and successful Europe. The US and the EU represent the two largest economies in the world and, not surprisingly, they have the largest bilateral trade relationship in the world. Taken together, the economies of these two regions account for almost 50% of world GDP. Their combined trade flows with the world account for almost one third of global trade.

The US exports over $459 billion in goods and services to the EU annually, and Europe is our largest export market. This trade activity supports an estimated 2.4 million American jobs. Cross-border flows of investment between the United States and the European Union are also significant: The United States and the European Union have directly invested more than $3.7 trillion on both sides of the Atlantic. Over 3.6 million US workers are directly employed by European firms. While Asia is and will continue to be an area of immense importance to us, we cannot lose sight of the fact that total US investment in the EU is three times higher than in all of Asia and that EU investment in the US is eight times the amount of EU investment in India and China together.

This is why all Americans have an interest in the outcome of the Transatlantic Trade and Investment Partnership with the European Union.

Given the low average tariffs between the two regions (under 3%), the fact that the transatlantic talks will be between two economies that largely support free trade, and that the EU and US are at the same level of economic development, it would appear that our trade negotiators should meet with. But the challenge to reaching agreement will involve a number of difficult non-tariff barriers. These barriers are partially driven by diverging regulatory systems, deferring standards, concerns with security, consumer protection, sanitary and phytosanitary (SPS) issues.  But these barriers are often erected by special interests seeking to fend off foreign competition.

Americans have an immediate, vested interest in the success of these trade talks. An agreement between the United States and the European Union will provide an impetus for new free trade initiatives worldwide. More immediately, it will help lift the world’s two largest economies, creating hundreds of thousands of jobs for our citizens.

Share This Story On:

Why Europe Matters

By

Back to Top Comments Email Print

Latest News

Capital One names S. Jersey market boss

By Eric Strauss
January 27, 2015 12:02 PM

CONTINUE READING

Regulators give thumbs-up to S. Jersey bank deal

By Eric Strauss
January 27, 2015 11:39 AM

CONTINUE READING

advertisement

Promotions company jumps into sports pool business with deal

By Eric Strauss
January 27, 2015 10:11 AM

CONTINUE READING

Digital industry group names new CEO

By Eric Strauss
January 27, 2015 10:47 AM

CONTINUE READING

Higher costs weigh on J&J Snack Foods earnings

By Eric Strauss
January 27, 2015 11:23 AM

CONTINUE READING

I.D. Systems gets $850K in purchase orders for six end users

By January 26, 2015 10:17 AM

CONTINUE READING

South Jersey Industries declares quarterly dividend

By Eric Strauss
January 26, 2015 10:01 AM

CONTINUE READING

advertisement

The Obama administration's overall posture toward Asia has taken a heightened sense of urgency. In a strategy called a “pivot” his administration announced an enhanced engagement in Asia. The outcome would appear to be a commitment for the US to play an increasing leadership role in Asia for decades to come, perhaps at the expense of other regions of the world.

It was with great satisfaction that we heard the President in his most recent State of the Union address state that he will aggressively pursue a comprehensive Transatlantic Trade and Investment Partnership with the European Union. This initiative is important on many levels. Hopefully it could jump-start global trade talks that have seen round after round of negotiations end without progress. Of most immediate significance, however, will be the economic benefits of expanded trade and investment to the citizens of the US and the EU.

Few Americans understand the extent to which our standard of living, our economy and our quality of life are dependent on a strong, vibrant and successful Europe. The US and the EU represent the two largest economies in the world and, not surprisingly, they have the largest bilateral trade relationship in the world. Taken together, the economies of these two regions account for almost 50% of world GDP. Their combined trade flows with the world account for almost one third of global trade.

The US exports over $459 billion in goods and services to the EU annually, and Europe is our largest export market. This trade activity supports an estimated 2.4 million American jobs. Cross-border flows of investment between the United States and the European Union are also significant: The United States and the European Union have directly invested more than $3.7 trillion on both sides of the Atlantic. Over 3.6 million US workers are directly employed by European firms. While Asia is and will continue to be an area of immense importance to us, we cannot lose sight of the fact that total US investment in the EU is three times higher than in all of Asia and that EU investment in the US is eight times the amount of EU investment in India and China together.

This is why all Americans have an interest in the outcome of the Transatlantic Trade and Investment Partnership with the European Union.

Given the low average tariffs between the two regions (under 3%), the fact that the transatlantic talks will be between two economies that largely support free trade, and that the EU and US are at the same level of economic development, it would appear that our trade negotiators should meet with. But the challenge to reaching agreement will involve a number of difficult non-tariff barriers. These barriers are partially driven by diverging regulatory systems, deferring standards, concerns with security, consumer protection, sanitary and phytosanitary (SPS) issues.  But these barriers are often erected by special interests seeking to fend off foreign competition.

Americans have an immediate, vested interest in the success of these trade talks. An agreement between the United States and the European Union will provide an impetus for new free trade initiatives worldwide. More immediately, it will help lift the world’s two largest economies, creating hundreds of thousands of jobs for our citizens.

Share This Story On:

Why Europe Matters

By

Back to Top Comments Email Print

Latest News

Capital One names S. Jersey market boss

By Eric Strauss
January 27, 2015 12:02 PM

CONTINUE READING

Regulators give thumbs-up to S. Jersey bank deal

By Eric Strauss
January 27, 2015 11:39 AM

CONTINUE READING

advertisement

Promotions company jumps into sports pool business with deal

By Eric Strauss
January 27, 2015 10:11 AM

CONTINUE READING

Digital industry group names new CEO

By Eric Strauss
January 27, 2015 10:47 AM

CONTINUE READING

Higher costs weigh on J&J Snack Foods earnings

By Eric Strauss
January 27, 2015 11:23 AM

CONTINUE READING

I.D. Systems gets $850K in purchase orders for six end users

By January 26, 2015 10:17 AM

CONTINUE READING

South Jersey Industries declares quarterly dividend

By Eric Strauss
January 26, 2015 10:01 AM

CONTINUE READING

advertisement

The Obama administration's overall posture toward Asia has taken a heightened sense of urgency. In a strategy called a “pivot” his administration announced an enhanced engagement in Asia. The outcome would appear to be a commitment for the US to play an increasing leadership role in Asia for decades to come, perhaps at the expense of other regions of the world.

It was with great satisfaction that we heard the President in his most recent State of the Union address state that he will aggressively pursue a comprehensive Transatlantic Trade and Investment Partnership with the European Union. This initiative is important on many levels. Hopefully it could jump-start global trade talks that have seen round after round of negotiations end without progress. Of most immediate significance, however, will be the economic benefits of expanded trade and investment to the citizens of the US and the EU.

Few Americans understand the extent to which our standard of living, our economy and our quality of life are dependent on a strong, vibrant and successful Europe. The US and the EU represent the two largest economies in the world and, not surprisingly, they have the largest bilateral trade relationship in the world. Taken together, the economies of these two regions account for almost 50% of world GDP. Their combined trade flows with the world account for almost one third of global trade.

The US exports over $459 billion in goods and services to the EU annually, and Europe is our largest export market. This trade activity supports an estimated 2.4 million American jobs. Cross-border flows of investment between the United States and the European Union are also significant: The United States and the European Union have directly invested more than $3.7 trillion on both sides of the Atlantic. Over 3.6 million US workers are directly employed by European firms. While Asia is and will continue to be an area of immense importance to us, we cannot lose sight of the fact that total US investment in the EU is three times higher than in all of Asia and that EU investment in the US is eight times the amount of EU investment in India and China together.

This is why all Americans have an interest in the outcome of the Transatlantic Trade and Investment Partnership with the European Union.

Given the low average tariffs between the two regions (under 3%), the fact that the transatlantic talks will be between two economies that largely support free trade, and that the EU and US are at the same level of economic development, it would appear that our trade negotiators should meet with. But the challenge to reaching agreement will involve a number of difficult non-tariff barriers. These barriers are partially driven by diverging regulatory systems, deferring standards, concerns with security, consumer protection, sanitary and phytosanitary (SPS) issues.  But these barriers are often erected by special interests seeking to fend off foreign competition.

Americans have an immediate, vested interest in the success of these trade talks. An agreement between the United States and the European Union will provide an impetus for new free trade initiatives worldwide. More immediately, it will help lift the world’s two largest economies, creating hundreds of thousands of jobs for our citizens.

Share This Story On:

Why Europe Matters

By

Back to Top Comments Email Print

Latest News

Capital One names S. Jersey market boss

By Eric Strauss
January 27, 2015 12:02 PM

CONTINUE READING

Regulators give thumbs-up to S. Jersey bank deal

By Eric Strauss
January 27, 2015 11:39 AM

CONTINUE READING

advertisement

Promotions company jumps into sports pool business with deal

By Eric Strauss
January 27, 2015 10:11 AM

CONTINUE READING

Digital industry group names new CEO

By Eric Strauss
January 27, 2015 10:47 AM

CONTINUE READING

Higher costs weigh on J&J Snack Foods earnings

By Eric Strauss
January 27, 2015 11:23 AM

CONTINUE READING

I.D. Systems gets $850K in purchase orders for six end users

By January 26, 2015 10:17 AM

CONTINUE READING

South Jersey Industries declares quarterly dividend

By Eric Strauss
January 26, 2015 10:01 AM

CONTINUE READING

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The Obama administration's overall posture toward Asia has taken a heightened sense of urgency. In a strategy called a “pivot” his administration announced an enhanced engagement in Asia. The outcome would appear to be a commitment for the US to play an increasing leadership role in Asia for decades to come, perhaps at the expense of other regions of the world.

It was with great satisfaction that we heard the President in his most recent State of the Union address state that he will aggressively pursue a comprehensive Transatlantic Trade and Investment Partnership with the European Union. This initiative is important on many levels. Hopefully it could jump-start global trade talks that have seen round after round of negotiations end without progress. Of most immediate significance, however, will be the economic benefits of expanded trade and investment to the citizens of the US and the EU.

Few Americans understand the extent to which our standard of living, our economy and our quality of life are dependent on a strong, vibrant and successful Europe. The US and the EU represent the two largest economies in the world and, not surprisingly, they have the largest bilateral trade relationship in the world. Taken together, the economies of these two regions account for almost 50% of world GDP. Their combined trade flows with the world account for almost one third of global trade.

The US exports over $459 billion in goods and services to the EU annually, and Europe is our largest export market. This trade activity supports an estimated 2.4 million American jobs. Cross-border flows of investment between the United States and the European Union are also significant: The United States and the European Union have directly invested more than $3.7 trillion on both sides of the Atlantic. Over 3.6 million US workers are directly employed by European firms. While Asia is and will continue to be an area of immense importance to us, we cannot lose sight of the fact that total US investment in the EU is three times higher than in all of Asia and that EU investment in the US is eight times the amount of EU investment in India and China together.

This is why all Americans have an interest in the outcome of the Transatlantic Trade and Investment Partnership with the European Union.

Given the low average tariffs between the two regions (under 3%), the fact that the transatlantic talks will be between two economies that largely support free trade, and that the EU and US are at the same level of economic development, it would appear that our trade negotiators should meet with. But the challenge to reaching agreement will involve a number of difficult non-tariff barriers. These barriers are partially driven by diverging regulatory systems, deferring standards, concerns with security, consumer protection, sanitary and phytosanitary (SPS) issues.  But these barriers are often erected by special interests seeking to fend off foreign competition.

Americans have an immediate, vested interest in the success of these trade talks. An agreement between the United States and the European Union will provide an impetus for new free trade initiatives worldwide. More immediately, it will help lift the world’s two largest economies, creating hundreds of thousands of jobs for our citizens.

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Capital One names S. Jersey market boss

By Eric Strauss
January 27, 2015 12:02 PM

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Regulators give thumbs-up to S. Jersey bank deal

By Eric Strauss
January 27, 2015 11:39 AM

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Promotions company jumps into sports pool business with deal

By Eric Strauss
January 27, 2015 10:11 AM

CONTINUE READING

Digital industry group names new CEO

By Eric Strauss
January 27, 2015 10:47 AM

CONTINUE READING

Higher costs weigh on J&J Snack Foods earnings

By Eric Strauss
January 27, 2015 11:23 AM

CONTINUE READING

I.D. Systems gets $850K in purchase orders for six end users

By January 26, 2015 10:17 AM

CONTINUE READING

South Jersey Industries declares quarterly dividend

By Eric Strauss
January 26, 2015 10:01 AM

CONTINUE READING

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The Obama administration's overall posture toward Asia has taken a heightened sense of urgency. In a strategy called a “pivot” his administration announced an enhanced engagement in Asia. The outcome would appear to be a commitment for the US to play an increasing leadership role in Asia for decades to come, perhaps at the expense of other regions of the world.

It was with great satisfaction that we heard the President in his most recent State of the Union address state that he will aggressively pursue a comprehensive Transatlantic Trade and Investment Partnership with the European Union. This initiative is important on many levels. Hopefully it could jump-start global trade talks that have seen round after round of negotiations end without progress. Of most immediate significance, however, will be the economic benefits of expanded trade and investment to the citizens of the US and the EU.

Few Americans understand the extent to which our standard of living, our economy and our quality of life are dependent on a strong, vibrant and successful Europe. The US and the EU represent the two largest economies in the world and, not surprisingly, they have the largest bilateral trade relationship in the world. Taken together, the economies of these two regions account for almost 50% of world GDP. Their combined trade flows with the world account for almost one third of global trade.

The US exports over $459 billion in goods and services to the EU annually, and Europe is our largest export market. This trade activity supports an estimated 2.4 million American jobs. Cross-border flows of investment between the United States and the European Union are also significant: The United States and the European Union have directly invested more than $3.7 trillion on both sides of the Atlantic. Over 3.6 million US workers are directly employed by European firms. While Asia is and will continue to be an area of immense importance to us, we cannot lose sight of the fact that total US investment in the EU is three times higher than in all of Asia and that EU investment in the US is eight times the amount of EU investment in India and China together.

This is why all Americans have an interest in the outcome of the Transatlantic Trade and Investment Partnership with the European Union.

Given the low average tariffs between the two regions (under 3%), the fact that the transatlantic talks will be between two economies that largely support free trade, and that the EU and US are at the same level of economic development, it would appear that our trade negotiators should meet with. But the challenge to reaching agreement will involve a number of difficult non-tariff barriers. These barriers are partially driven by diverging regulatory systems, deferring standards, concerns with security, consumer protection, sanitary and phytosanitary (SPS) issues.  But these barriers are often erected by special interests seeking to fend off foreign competition.

Americans have an immediate, vested interest in the success of these trade talks. An agreement between the United States and the European Union will provide an impetus for new free trade initiatives worldwide. More immediately, it will help lift the world’s two largest economies, creating hundreds of thousands of jobs for our citizens.

Share This Story On:

Why Europe Matters

By

Back to Top Comments Email Print

Latest News

Capital One names S. Jersey market boss

By Eric Strauss
January 27, 2015 12:02 PM

CONTINUE READING

Regulators give thumbs-up to S. Jersey bank deal

By Eric Strauss
January 27, 2015 11:39 AM

CONTINUE READING

advertisement

Promotions company jumps into sports pool business with deal

By Eric Strauss
January 27, 2015 10:11 AM

CONTINUE READING

Digital industry group names new CEO

By Eric Strauss
January 27, 2015 10:47 AM

CONTINUE READING

Higher costs weigh on J&J Snack Foods earnings

By Eric Strauss
January 27, 2015 11:23 AM

CONTINUE READING

I.D. Systems gets $850K in purchase orders for six end users

By January 26, 2015 10:17 AM

CONTINUE READING

South Jersey Industries declares quarterly dividend

By Eric Strauss
January 26, 2015 10:01 AM

CONTINUE READING

advertisement

The Obama administration's overall posture toward Asia has taken a heightened sense of urgency. In a strategy called a “pivot” his administration announced an enhanced engagement in Asia. The outcome would appear to be a commitment for the US to play an increasing leadership role in Asia for decades to come, perhaps at the expense of other regions of the world.

It was with great satisfaction that we heard the President in his most recent State of the Union address state that he will aggressively pursue a comprehensive Transatlantic Trade and Investment Partnership with the European Union. This initiative is important on many levels. Hopefully it could jump-start global trade talks that have seen round after round of negotiations end without progress. Of most immediate significance, however, will be the economic benefits of expanded trade and investment to the citizens of the US and the EU.

Few Americans understand the extent to which our standard of living, our economy and our quality of life are dependent on a strong, vibrant and successful Europe. The US and the EU represent the two largest economies in the world and, not surprisingly, they have the largest bilateral trade relationship in the world. Taken together, the economies of these two regions account for almost 50% of world GDP. Their combined trade flows with the world account for almost one third of global trade.

The US exports over $459 billion in goods and services to the EU annually, and Europe is our largest export market. This trade activity supports an estimated 2.4 million American jobs. Cross-border flows of investment between the United States and the European Union are also significant: The United States and the European Union have directly invested more than $3.7 trillion on both sides of the Atlantic. Over 3.6 million US workers are directly employed by European firms. While Asia is and will continue to be an area of immense importance to us, we cannot lose sight of the fact that total US investment in the EU is three times higher than in all of Asia and that EU investment in the US is eight times the amount of EU investment in India and China together.

This is why all Americans have an interest in the outcome of the Transatlantic Trade and Investment Partnership with the European Union.

Given the low average tariffs between the two regions (under 3%), the fact that the transatlantic talks will be between two economies that largely support free trade, and that the EU and US are at the same level of economic development, it would appear that our trade negotiators should meet with. But the challenge to reaching agreement will involve a number of difficult non-tariff barriers. These barriers are partially driven by diverging regulatory systems, deferring standards, concerns with security, consumer protection, sanitary and phytosanitary (SPS) issues.  But these barriers are often erected by special interests seeking to fend off foreign competition.

Americans have an immediate, vested interest in the success of these trade talks. An agreement between the United States and the European Union will provide an impetus for new free trade initiatives worldwide. More immediately, it will help lift the world’s two largest economies, creating hundreds of thousands of jobs for our citizens.

Share This Story On:

Why Europe Matters

By

Back to Top Comments Email Print

Latest News

Capital One names S. Jersey market boss

By Eric Strauss
January 27, 2015 12:02 PM

CONTINUE READING

Regulators give thumbs-up to S. Jersey bank deal

By Eric Strauss
January 27, 2015 11:39 AM

CONTINUE READING

advertisement

Promotions company jumps into sports pool business with deal

By Eric Strauss
January 27, 2015 10:11 AM

CONTINUE READING

Digital industry group names new CEO

By Eric Strauss
January 27, 2015 10:47 AM

CONTINUE READING

Higher costs weigh on J&J Snack Foods earnings

By Eric Strauss
January 27, 2015 11:23 AM

CONTINUE READING

I.D. Systems gets $850K in purchase orders for six end users

By January 26, 2015 10:17 AM

CONTINUE READING

South Jersey Industries declares quarterly dividend

By Eric Strauss
January 26, 2015 10:01 AM

CONTINUE READING

advertisement

The Obama administration's overall posture toward Asia has taken a heightened sense of urgency. In a strategy called a “pivot” his administration announced an enhanced engagement in Asia. The outcome would appear to be a commitment for the US to play an increasing leadership role in Asia for decades to come, perhaps at the expense of other regions of the world.

It was with great satisfaction that we heard the President in his most recent State of the Union address state that he will aggressively pursue a comprehensive Transatlantic Trade and Investment Partnership with the European Union. This initiative is important on many levels. Hopefully it could jump-start global trade talks that have seen round after round of negotiations end without progress. Of most immediate significance, however, will be the economic benefits of expanded trade and investment to the citizens of the US and the EU.

Few Americans understand the extent to which our standard of living, our economy and our quality of life are dependent on a strong, vibrant and successful Europe. The US and the EU represent the two largest economies in the world and, not surprisingly, they have the largest bilateral trade relationship in the world. Taken together, the economies of these two regions account for almost 50% of world GDP. Their combined trade flows with the world account for almost one third of global trade.

The US exports over $459 billion in goods and services to the EU annually, and Europe is our largest export market. This trade activity supports an estimated 2.4 million American jobs. Cross-border flows of investment between the United States and the European Union are also significant: The United States and the European Union have directly invested more than $3.7 trillion on both sides of the Atlantic. Over 3.6 million US workers are directly employed by European firms. While Asia is and will continue to be an area of immense importance to us, we cannot lose sight of the fact that total US investment in the EU is three times higher than in all of Asia and that EU investment in the US is eight times the amount of EU investment in India and China together.

This is why all Americans have an interest in the outcome of the Transatlantic Trade and Investment Partnership with the European Union.

Given the low average tariffs between the two regions (under 3%), the fact that the transatlantic talks will be between two economies that largely support free trade, and that the EU and US are at the same level of economic development, it would appear that our trade negotiators should meet with. But the challenge to reaching agreement will involve a number of difficult non-tariff barriers. These barriers are partially driven by diverging regulatory systems, deferring standards, concerns with security, consumer protection, sanitary and phytosanitary (SPS) issues.  But these barriers are often erected by special interests seeking to fend off foreign competition.

Americans have an immediate, vested interest in the success of these trade talks. An agreement between the United States and the European Union will provide an impetus for new free trade initiatives worldwide. More immediately, it will help lift the world’s two largest economies, creating hundreds of thousands of jobs for our citizens.

Share This Story On:

Why Europe Matters

By

Back to Top Comments Email Print

Latest News

Capital One names S. Jersey market boss

By Eric Strauss
January 27, 2015 12:02 PM

CONTINUE READING

Regulators give thumbs-up to S. Jersey bank deal

By Eric Strauss
January 27, 2015 11:39 AM

CONTINUE READING

advertisement

Promotions company jumps into sports pool business with deal

By Eric Strauss
January 27, 2015 10:11 AM

CONTINUE READING

Digital industry group names new CEO

By Eric Strauss
January 27, 2015 10:47 AM

CONTINUE READING

Higher costs weigh on J&J Snack Foods earnings

By Eric Strauss
January 27, 2015 11:23 AM

CONTINUE READING

I.D. Systems gets $850K in purchase orders for six end users

By January 26, 2015 10:17 AM

CONTINUE READING

South Jersey Industries declares quarterly dividend

By Eric Strauss
January 26, 2015 10:01 AM

CONTINUE READING

advertisement

The Obama administration's overall posture toward Asia has taken a heightened sense of urgency. In a strategy called a “pivot” his administration announced an enhanced engagement in Asia. The outcome would appear to be a commitment for the US to play an increasing leadership role in Asia for decades to come, perhaps at the expense of other regions of the world.

It was with great satisfaction that we heard the President in his most recent State of the Union address state that he will aggressively pursue a comprehensive Transatlantic Trade and Investment Partnership with the European Union. This initiative is important on many levels. Hopefully it could jump-start global trade talks that have seen round after round of negotiations end without progress. Of most immediate significance, however, will be the economic benefits of expanded trade and investment to the citizens of the US and the EU.

Few Americans understand the extent to which our standard of living, our economy and our quality of life are dependent on a strong, vibrant and successful Europe. The US and the EU represent the two largest economies in the world and, not surprisingly, they have the largest bilateral trade relationship in the world. Taken together, the economies of these two regions account for almost 50% of world GDP. Their combined trade flows with the world account for almost one third of global trade.

The US exports over $459 billion in goods and services to the EU annually, and Europe is our largest export market. This trade activity supports an estimated 2.4 million American jobs. Cross-border flows of investment between the United States and the European Union are also significant: The United States and the European Union have directly invested more than $3.7 trillion on both sides of the Atlantic. Over 3.6 million US workers are directly employed by European firms. While Asia is and will continue to be an area of immense importance to us, we cannot lose sight of the fact that total US investment in the EU is three times higher than in all of Asia and that EU investment in the US is eight times the amount of EU investment in India and China together.

This is why all Americans have an interest in the outcome of the Transatlantic Trade and Investment Partnership with the European Union.

Given the low average tariffs between the two regions (under 3%), the fact that the transatlantic talks will be between two economies that largely support free trade, and that the EU and US are at the same level of economic development, it would appear that our trade negotiators should meet with. But the challenge to reaching agreement will involve a number of difficult non-tariff barriers. These barriers are partially driven by diverging regulatory systems, deferring standards, concerns with security, consumer protection, sanitary and phytosanitary (SPS) issues.  But these barriers are often erected by special interests seeking to fend off foreign competition.

Americans have an immediate, vested interest in the success of these trade talks. An agreement between the United States and the European Union will provide an impetus for new free trade initiatives worldwide. More immediately, it will help lift the world’s two largest economies, creating hundreds of thousands of jobs for our citizens.

Share This Story On:

Why Europe Matters

By

Back to Top Comments Email Print

Latest News

Capital One names S. Jersey market boss

By Eric Strauss
January 27, 2015 12:02 PM

CONTINUE READING

Regulators give thumbs-up to S. Jersey bank deal

By Eric Strauss
January 27, 2015 11:39 AM

CONTINUE READING

advertisement

Promotions company jumps into sports pool business with deal

By Eric Strauss
January 27, 2015 10:11 AM

CONTINUE READING

Digital industry group names new CEO

By Eric Strauss
January 27, 2015 10:47 AM

CONTINUE READING

Higher costs weigh on J&J Snack Foods earnings

By Eric Strauss
January 27, 2015 11:23 AM

CONTINUE READING

I.D. Systems gets $850K in purchase orders for six end users

By January 26, 2015 10:17 AM

CONTINUE READING

South Jersey Industries declares quarterly dividend

By Eric Strauss
January 26, 2015 10:01 AM

CONTINUE READING

advertisement

The Obama administration's overall posture toward Asia has taken a heightened sense of urgency. In a strategy called a “pivot” his administration announced an enhanced engagement in Asia. The outcome would appear to be a commitment for the US to play an increasing leadership role in Asia for decades to come, perhaps at the expense of other regions of the world.

It was with great satisfaction that we heard the President in his most recent State of the Union address state that he will aggressively pursue a comprehensive Transatlantic Trade and Investment Partnership with the European Union. This initiative is important on many levels. Hopefully it could jump-start global trade talks that have seen round after round of negotiations end without progress. Of most immediate significance, however, will be the economic benefits of expanded trade and investment to the citizens of the US and the EU.

Few Americans understand the extent to which our standard of living, our economy and our quality of life are dependent on a strong, vibrant and successful Europe. The US and the EU represent the two largest economies in the world and, not surprisingly, they have the largest bilateral trade relationship in the world. Taken together, the economies of these two regions account for almost 50% of world GDP. Their combined trade flows with the world account for almost one third of global trade.

The US exports over $459 billion in goods and services to the EU annually, and Europe is our largest export market. This trade activity supports an estimated 2.4 million American jobs. Cross-border flows of investment between the United States and the European Union are also significant: The United States and the European Union have directly invested more than $3.7 trillion on both sides of the Atlantic. Over 3.6 million US workers are directly employed by European firms. While Asia is and will continue to be an area of immense importance to us, we cannot lose sight of the fact that total US investment in the EU is three times higher than in all of Asia and that EU investment in the US is eight times the amount of EU investment in India and China together.

This is why all Americans have an interest in the outcome of the Transatlantic Trade and Investment Partnership with the European Union.

Given the low average tariffs between the two regions (under 3%), the fact that the transatlantic talks will be between two economies that largely support free trade, and that the EU and US are at the same level of economic development, it would appear that our trade negotiators should meet with. But the challenge to reaching agreement will involve a number of difficult non-tariff barriers. These barriers are partially driven by diverging regulatory systems, deferring standards, concerns with security, consumer protection, sanitary and phytosanitary (SPS) issues.  But these barriers are often erected by special interests seeking to fend off foreign competition.

Americans have an immediate, vested interest in the success of these trade talks. An agreement between the United States and the European Union will provide an impetus for new free trade initiatives worldwide. More immediately, it will help lift the world’s two largest economies, creating hundreds of thousands of jobs for our citizens.

Share This Story On:

Why Europe Matters

By

Back to Top Comments Email Print

Latest News

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The Obama administration's overall posture toward Asia has taken a heightened sense of urgency. In a strategy called a “pivot” his administration announced an enhanced engagement in Asia. The outcome would appear to be a commitment for the US to play an increasing leadership role in Asia for decades to come, perhaps at the expense of other regions of the world.

It was with great satisfaction that we heard the President in his most recent State of the Union address state that he will aggressively pursue a comprehensive Transatlantic Trade and Investment Partnership with the European Union. This initiative is important on many levels. Hopefully it could jump-start global trade talks that have seen round after round of negotiations end without progress. Of most immediate significance, however, will be the economic benefits of expanded trade and investment to the citizens of the US and the EU.

Few Americans understand the extent to which our standard of living, our economy and our quality of life are dependent on a strong, vibrant and successful Europe. The US and the EU represent the two largest economies in the world and, not surprisingly, they have the largest bilateral trade relationship in the world. Taken together, the economies of these two regions account for almost 50% of world GDP. Their combined trade flows with the world account for almost one third of global trade.

The US exports over $459 billion in goods and services to the EU annually, and Europe is our largest export market. This trade activity supports an estimated 2.4 million American jobs. Cross-border flows of investment between the United States and the European Union are also significant: The United States and the European Union have directly invested more than $3.7 trillion on both sides of the Atlantic. Over 3.6 million US workers are directly employed by European firms. While Asia is and will continue to be an area of immense importance to us, we cannot lose sight of the fact that total US investment in the EU is three times higher than in all of Asia and that EU investment in the US is eight times the amount of EU investment in India and China together.

This is why all Americans have an interest in the outcome of the Transatlantic Trade and Investment Partnership with the European Union.

Given the low average tariffs between the two regions (under 3%), the fact that the transatlantic talks will be between two economies that largely support free trade, and that the EU and US are at the same level of economic development, it would appear that our trade negotiators should meet with. But the challenge to reaching agreement will involve a number of difficult non-tariff barriers. These barriers are partially driven by diverging regulatory systems, deferring standards, concerns with security, consumer protection, sanitary and phytosanitary (SPS) issues.  But these barriers are often erected by special interests seeking to fend off foreign competition.

Americans have an immediate, vested interest in the success of these trade talks. An agreement between the United States and the European Union will provide an impetus for new free trade initiatives worldwide. More immediately, it will help lift the world’s two largest economies, creating hundreds of thousands of jobs for our citizens.

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