TransAtlantic Business Forum

 

 

                                
                                Connecting the Americas and Europe
Info regarding the Transatlantic Business

Transatlantic Economy and advancement of the cooperation between the EU and US

Trade and capital flows between the US and EU are very significant for both countries but also for third parties as well.  Total external trade of EU and US amounts for 45% of global trade.  EU investment to US represented 42 percent of total global investment flows to the country while at the same time over half of all private direct investment outflows from the United States were directed to the EU.  Transatlantic acquisitions, involving EU and US companies amounted to US$330 billion in 2007, a year with the second highest level of M&A value recorded.  Based on 2005 data, US companies employed 3.7 million workers in the EU while EU companies 3.1 million in US.  Over the last years the EU and US are involved in an ongoing dialogue in order to advance their cooperation in this area and solve issues of disagreement.

The transatlantic economic council that has been formed for this purpose has the following main issues to resolve (known as Lighthouse Priority Projects):

  • Intellectual Property Rights
  • Secure Trade
  • Financial Markets
  • Innovation and Technology
  • Investment
The most recent joint announcement reconfirmed the commitment in advancing the dialogue.  This is a very exciting area for the businesses as it affects a lot of aspects of economic activity (such as the open air act, biotechnology, use of international accounting standards in the US).  Therefore there’s signification anticipation for future developments in this area.  Latest announcement and statistics.  Relevant links: Transatlantic Economic Council

Transatlantic Statistics

EU from Europe and US from the Americas; the major economies in the respective geographies, represent the main trade partners globally both on bilateral level as well as regarding trade with third countries.  Total external trade of EU and US amounts for 45% of global trade.  Bilateral trade between the EU and US amounted US$600 billion in 2007 (goods only).  EU investment to US represented 42 percent of total global investment flows to the country while at the same time over half of all private direct investment outflows from the United States were directed to the EU.  Transatlantic acquisitions, involving EU and US companies amounted to US$330 billion in 2007, a year with the second highest level of M&A value recorded.  Based on 2005 data, US companies employed 3.7 million workers in the EU while EU companies 3.1 million in US.

Useful references from TBF's work:

Interesting references regarding business in the US and Europe M&A prepared and delivered by TBF or organized by the participation of TBF’s partners: 

·      Emerging Market Opportunities in Europe: Central and Eastern Europe.  Presentation at the New York University - Stern Business School, 10th Global Business Conference, February 19 2009, New York University, New York.

·      The State of the Euro on its 10th AnniversaryDecember 2 2009, High level discussion organized with the support and participation of the Transatlantic Business Forum at the Cultural Services of the French Embassy in New York.

·      Cross-Border European M&As, May 2008, Weissman Center for International Business at Baruch College (part of the World Trade Week 2008)

·      Update on US M&As 2007 Full Year; Presentation at the ACCA NY Chapter, April 2008.

·      Global M&As and IFRS implications.  An update on global M&A Activity (1Q 2007) and IFRS areas that impact M&A decisions.  A presentation at the “Critical Perspectives on Accounting 2008 Conference” at Baruch College of CU New York, April 2008.

·         Private Equity Investments in Central & Eastern Europe, Panel discussion at the Eastern Europe Think & Act Tank Conference, April 2008, New York.

·         Cross border Mergers & Acquisitions in Europe, Panel discussion at the New York University Italian Cultural Institute, on December 2007.

 

 

 

 

 

 

 

 

 

Other references:

You’re welcome to submit your publications should you wish to promote them through the Transatlantic Business Forum.

Useful Links:


The following list is not complete.  It will be completed in due course.  Please let us know of suggestions.

Global Financial Organizations

·             
The Organization for Economic Co-operation and Development (OECD) http://www.oecd.org/home/0,2987,en_2649_201185_1_1_1_1_1,00.html
·         The European Bank for Reconstruction and Development (EBRD)  http://www.ebrd.com/ 
·         The International Monetary Fund http://www.imf.org/external/index.htm
·        
The World Bank http://www.worldbank.org/



European Union Institutions and Resources:
 

 

·         European Commission,   http://ec.europa.eu/

·         European Parliament,   http://www.europarl.europa.eu/  

·         Council of the European Union, (Consilium)   http://www.consilium.europa.eu/

·         European Council, (European Summit)   http://europa.eu/european-council/index_en.htm  

·         European Court of Justice    http://curia.europa.eu/en/ 

·         European Central Bank ,   http://www.ecb.eu/home/html/index.en.html  

·         European Union, Delegation of the European Commission to the USA http://www.eurunion.org/

·         European Union at the United Nations http://www.eu-un.europa.eu/home/index_en.htm 

·         Gateway to the European Union  http://europa.eu/

·         Eurostat http://epp.eurostat.ec.europa.eu/portal/page?_pageid=1090,30070682,1090_33076576&_dad=portal&_schema=PORTAL 

·         The European Investment Bank http://europa.eu/institutions/financial/eib/index_en.htm

 

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