GACC_Yearbook_2013 - page 5

LETTER FROM THE AMBASSADOR
MESSAGE FROM
AMBASSADOR PETERAMMON
Washington, December 2013
Dear Members and Friends of the German American Chambers of Commerce,
In the past five years since the global financial and economic crisis, we have undoubtedlymade
significant strides towards recovery; however, there are still many challenges that lie ahead. For this
reason, continued strong transatlantic cooperation is more important than ever. The United States and
Europe already share themost intensive bilateral economic relations worldwide. Together, our economies
account for about half of global GDP and nearly a third of world trade flows.
This year, we have entered a new era by launching a project that will be an economic and strategic
game-changer: A successfully negotiated Transatlantic Trade and Investment Partnership (TTIP) will
boost economic growth in the United States and Europe andwill add to the over 13millionAmerican
and European jobs already supported by transatlantic trade and investment. It is therefore of the
utmost importance that we join forces andwork together to create a forward-looking, ambitious
framework that sets global standards and regulations for the 21st century. Beyond that, it will be of
great strategic importance. Themore our transatlantic economies are intertwined, the closer we will be
in our strategic outlook.
Our businesses are the driver of the transatlantic economic relationship, contributing to growth and
jobs on both sides of the Atlantic. It is estimated that a third of transatlantic trade actually consists of
intra-company transfers. However, many of our companies are still facing a number of obstacles that
constrain their economic activities. This includes obvious barriers such as tariffs but also – andmore
importantly – non-tariff barriers to trade and investment.
Therefore, it is important that we address different regulatory requirements that impede transatlantic
trade. We cannot overestimate the importance of this initiative, for both its economic and its strategic
consequences. TTIP is a new foundation of our transatlantic relationship, andwe can’t afford to let this
opportunity slip away.
I am pleased that we have on our side a partner such as the GermanAmerican Chambers of Commerce.
I congratulate the Chambers on the excellent work they are doing to help our businesses succeed in the
global marketplace.
Many opportunities lie ahead, and I look forward to our continued cooperation.
All the best for a successful NewYear.
Sincerely,
9
United States-German Economic Yearbook 2013
Dr. PETERAMMON
AMBASSADOROF THE FEDERAL
REPUBLICOFGERMANY TO
THE UNITED STATESOF AMERICA
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