U.S. Commerce, EU look to strengthen trade

Feb. 23, 2005 at 2:00 PM

WASHINGTON, Feb. 23 (UPI) -- The U.S. Chamber of Commerce has signed a declaration with the European Union to strengthen trade, investment and regulatory cooperation.

"Strong economic ties between Europe and the U.S. are essential to our continued prosperity and global economic growth," said Thomas Donohue, Chamber president and CEO.

Under the joint declaration -- also signed by two European counterparts, the AMCham EU and UNICE, a European business federation -- the chamber agreed to commit to concluding negotiations on the Doha Development Agenda and to begin negotiations on creating a U.S.-EU investment and regulatory agreement.

"Improving the international dialogue in the areas of corporate governance, accounting, and national security will strengthen the free flow of goods and services between the two continents," said Donohue.

The total transatlantic investment between the United States and EU is nearly $1.8 trillion. It generates over $1 billion in trade everyday and employs more than 12 million people.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
North Korea blasts arrival of U.S. submarine in South Korean port
Putin reassures PM Alexis Tsipras after 'no' referendum vote in Greece
South Korea rescues 5 North Korean sailors
U.S. lottery lowers portion of cash allocated to jackpot prize
F-16, Cessna planes collide midair in South Carolina, killing two