U.S. chamber enters cooperative agreement with two EU chambers
The U.S. Chamber of Commerce, following President Bush’s tour through the Europe Union, signed a joint declaration with two European chambers to encourage an increase transatlantic commerce.
“Improving the international dialogue in the areas of corporate governance, accounting, and national security will strengthen the free flow of goods and services between the two continents,” said chamber president Thomas Donohue in a statement Tuesday.
In the joint declaration with AmCham EU and UNICE, a European business federation, the U.S. chamber committed to the conclusion of the World Trade Organization Doha Round negotiations and start negotiations on a U.S.-EU investment and regulatory cooperation agreement.
According the U.S. chamber, transatlantic investment between the United States and European Union is about $1.8 trillion. The transatlantic economy generates more than $1 billion in trade per day, and employs more than 12 million people, the U.S. chamber said.