EU-U.S. Economic ties: framework, scope, and magnitude
Date
2014
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Congressional Research Service
Abstract
Description
The United States and the European Union (EU) economic relationship is the largest in the world—and it is growing. The modern U.S.-European economic relationship has evolved since World War II, broadening as the 6-member European Community expanded into the present 28-member European Union. The ties have also become more complex and interdependent, covering a growing number and type of trade and financial activities. The United States and the EU have embarked on negotiations to establish a free trade agreement—the Transatlantic Trade and Investment Partnership (TTIP).
Keywords
Goods and services, Flows and positions, Merchandise trade