EU and US shared economic interests should translate into a shared agenda

We often spend more time talking about what divides Europe and the United States than about what unites us. Our shared economic interests should translate into a shared agenda.

This week, a BusinessEurope delegation led by our President Maciej Witucki, and including Director General Markus J. Beyrer and Deputy Director General Luisa Santos, visited the USA. They participated in high-level discussions with business leaders in the context of the B20, organised by the U.S. Chamber of Commerce. The delegation also met with government officials, including Deputy US Trade Representative Ambassador Jeff Goettman, to discuss the transatlantic economic relationship.

At our joint event with the U.S. Chamber of Commerce, our President Maciej Witucki highlighted how this partnership can drive economic growth, accelerate innovation and strengthen resilience in an increasingly challenging global environment. EU-US trade in goods and services reached €1.7 trillion, equivalent to €4.6 billion crossing the Atlantic every day. Our deep trade and investment ties support around 10 million direct jobs.

“Neither side of the Atlantic can lead alone. Competition is fierce and intensifying by the day. Our research, our talent, our capital and our markets are strongest when they are combined”, President Witucki stressed. He highlighted that governments on both sides of the Atlantic are rightly pursuing economic security. The challenge is to ensure these policies strengthen our competitiveness without creating new barriers between allies.