Trade Nov-Dec Interactive - page 3

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C O N T E N T S
E D I T O R I A L
A
s the new U.S. Ambassador to
Germany, I place trade and
investment at the very top of my
agenda, consistent with a broad
effort by the United States to streng-
then the economies on both sides of
the Atlantic and help secure more
good jobs for Americans and Europe-
ans alike.
Germany’s economy remains strong in
Europe, and the United States has
taken note. Part of Germany’s
economic strength lies in its focus on
export-based manufacturing. The
Obama Administration is promoting
manufacturing in the United States
and job skills training, like the
successful German models. President
Obama also created the SelectUSA
initiative to encourage companies
from around the world to locate new
facilities in the United States.
Why invest in the United States? A
wealth of reasons, including direct
access to a large consumer market, an
educated, motivated workforce, a
stable legal system, and respect for
intellectual property. Many U.S. states
and cities are also eager to work with
sophisticated German companies to
insure that the entire investment
process is smooth, and that everything
meets the investor’s needs.
While working in the Clinton White
House during the 1990s, I helped to
secure Congressional approval of the
Uruguay Round of the General
Agreement on Tariffs and Trade. I now
look forward to supporting a new
agreement of unprecedented scope
and opportunity that can take the U.S.
and Europe from a history of shared
security cooperation to a bright future
of mutual prosperity.
Last July, negotiations began on a
Transatlantic Trade and Investment
Partnership (T-TIP). The case for a
comprehensive agreement could not
be stronger or more timely. After years
of sluggish growth at best, and some
dismal unemployment figures, the EU
and the United States can now support
each other through liberalized trade
and increased investment in each
other’s markets to achieve robust
recovery. If approved and ratified,
T-TIP would be the largest trade and
investment agreement in history. It
would be a powerful tool for simplify-
ing a regulatory thicket; it would
create jobs; and it would increase
average household wealth. And it
would do this without undermining
our strong regulatory commitment to
the health, safety and environmental
protection of our citizens. As USTR
Michael Froman recently said: “When
we talk about regulation and stan-
dards, we are talking about how to
bridge the divergences between two
well-regulated markets, not about
launching a broad deregulatory
agenda.” Beyond the potential
economic benefits to both economies,
T-TIP is an opportunity to reaffirm
our strong ties with the EU in a
modern, forward-looking way, while
also supporting the multilateral
trading system.
As the President’s personal representa-
tive in Germany, I am ready to help
and support those efforts in any way
I can.
Sincerely,
John B. Emerson,
U.S. Ambassador to
the Federal Republic of Germany
The U.S. and the EU: Trade and Growth
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