Opening the meeting, Joelle Attinger, President of the European Institute, stressed the need to strengthen the economic partnership between the U.S. and Europe.
Even amid the acute current economic slump, the U.S. global trade deficit with grew by 1.1 percent in October – a reminder of the need for maintaining strong transatlantic cooperation.
Jürgen Thumann, European Co-Chair of the Transatlantic Business Dialogue reviewed the achievements of the TEC, and offered an outlook on the future of transatlantic economic cooperation, in light of the current upheaval in the global financial sector and the emerging priorities of the incoming U.S. Administration. As one of three members of the TEC’s Group of Advisers, the Transatlantic Business Dialogue plays a central role in communicating the private sector’s priorities for achieving transatlantic economic integration. On the occasion of this summer’s US-EU Summit, the TABD stressed four areas of particular importance: investment protectionism; fostering innovation with strong protection of intellectual property; facilitating the freest possible movement of people and goods within transatlantic borders, and enhancing cooperation on energy supply and climate change.
This meeting was supported by the Transatlantic Program of the Government of the Federal Republic of Germany through funds of the European Recovery Program (ERP) of the Federal Ministry of Economics and Technology.
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