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Friday, 24th February 2012

A New Era for Transatlantic Trade Leadership

Source: European Centre for International Political Economy (ECIPE)

From Executive Summary:

In this report, the Transatlantic Task Force on Trade and Investment presents ambitious yet realistic recommendations for transatlantic leadership in trade and investment policy in the near-to-medium-term future. This initiative has been engendered by the need for new and fresh approaches on how to liberalize trade and improve trade rules in the current economic and political environment.

The United States and the European Union are giants of the world economy whose renewed global leadership is needed now more than ever. Transatlantic policymakers therefore need to lead the way with ambitious initiatives at both the bilateral and multilateral level. Deeper transatlantic economic integration is essential for recovery from the current economic crisis. Transatlantic leadership can also provide momentum for further global trade liberalization, enabling both Europe and the United States to better tap into the economic dynamism of emerging markets, while supporting and strengthening the multilateral trading system embodied in the World Trade Organization (WTO).

New transatlantic trade initiatives should build on the principles of openness and market economics, and a balance of benefits. They should be rooted in a modern narrative about trade, which goes beyond the traditional perception of trade as a zero-sum game involving only imports and exports of goods. Today’s trade policy agenda must reflect the increasingly complex character of trade that results from the forces of globalization. Global trade policy also needs to adapt to the greater importance of investment and trade in services, the rise of multilateral firms, the globalization of supply chains, and the expansion of the digital economy.

+ Direct link to document (PDF; 1.5 MB)



Having begun his career in academic libraries, Adrian Janes has subsequently worked extensively in public libraries, chiefly in enquiry work as an Information Services librarian. In this role he has had particular responsibility for information from both the UK Government and the European Union. He wrote a detailed report on sources for the latter which was published by FreePint in 2007, and has contributed articles to FreePint and ResourceShelf. He is involved in training in information literacy and the use of online reference resources.

A Contributing Editor to DocuTicker, he also write reviews for Pennyblackmusic.

More articles by Adrian Janes »

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