Abstract
This chapter focuses on the future of transatlantic commercial relations. There is already an extensive literature on the extent of transatlantic economic ties, issues in macro-economic relations, the problems of market access in each market and regular detailed reports on current difficulties.2 This chapter discusses possible trends in US-EU commercial relations (trade, investment and market access issues), summarizes the various ideas for deepening transatlantic commercial links and considers the advantages and drawbacks of each of the broad policy options.
The London School of Economics Centre for Research on the United States of America. The author wishes to acknowledge support from the Economic and Social Research Council as part of its Global Economic Institutions initiative.
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Notes
Gary Clyde Hufbauer, Europe 1992: An American Perspective The Brookings Institution, Washington, 1991;
Stephen Woolcock, Market Access Issues in EC-US Relations: Trading Partners or Trading Blows Royal Institute of Intemational Affairs, London 1991;
European Commission, 1995 Report on US Barriers to Trade and Investment Brussels, 1995;
and United States Trade Representative, 1995 National Trade Estimate Report on Foreign Trade Barriers US Government Printing Office, 1995.
Randell Hanning, Macroeconomic Diplomacy in the 1980s: Domestic Politics and International Conflict among the United States, Japan and Europe Atlantic Paper No. 65, London, 1987.
Stephen Woolcock, Jeffrey Hart and Hans van der Ven, Interdependence in the Post Multilateral Era: Trends in US/EC Trade Relations MIT, Mass., 1985;
Jagdish Bhagwati and Hugh Patrick, Aggressive Unilateralism: America’s 301 Trade Policy and the World Trading System University of Michigan Press, 1991.
See Stephen Woolcock, ‘European and North American Approaches to Regulation: Continued Divergence?,’ in William Wallace (ed), The End of the West (forthcoming), 1996.
Roy Ginsberg and Thomas Frellesen, EU-US Foreign Policy Cooperation in the 1990s: Elements of Partnership Centre for European Policy Studies, Brussels, CEPS Paper No.58, 1994.
The Transatlantic Policy Network, Towards a Transatlantic Partnership: A European Strategy Brussels, 1994.
Newt Gingrich, ‘An American Vision for the 21st Century,’ 1 March 1995.
Quoted in Glennon Harrison, A New Transatlantic Initiative? US-EU Economic Relations in the Mid 1990s Congressional Research Service (95–983 E), 15 September 1995, Washington, DC.
US Department of State, Charting a Transatlantic Agenda for the 21st Century Speech by Secretary of State Warren Christopher, Madrid, 2 June 1995.
European Commission, Europe and the US: The Way Forward. Communication from the Commission to the Council, COM (95) 411 final, 26 July 1995.
Mark Nelson and G. John Ikenbeny, Atlantic Frontier: A New Agenda for US-EC Relations Carnegie Endowment for International Peace, Washington DC, 1993.
Miles Kahler, Regional Futures and Transatlantic Economic Relations European Community Studies Association/Council on Foreign Relations, 1995.
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© 1996 Palgrave Macmillan, a division of Macmillan Publishers Limited
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Woolcock, S. (1996). EU-US Commercial Relations and the Debate on a Transatlantic Free Trade Area. In: Wiener, J. (eds) The Transatlantic Relationship. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-25157-5_7
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DOI: https://doi.org/10.1007/978-1-349-25157-5_7
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