On July 18, The European Institute welcomed a delegation from the European Parliament’s Internal Market and Consumer Protection Committee (IMCO) to a breakfast discussion on the Parliament’s role in the ongoing reform of the European Union’s public procurement policy. The committee members focused on the main aspects of the European Commission’s proposal to modernize the EU’s public procurement agreement, as well as the potential implications of these reforms for transatlantic trade. Michael Smart, Vice President at Rock Creek Global Advisors LLC, moderated the discussion with The Honorable Malcolm Harbour, Chairman of the IMCO Committee and The Honorable Heide Rühle (Germany – Group of the Greens/European Free Alliance) and The Honorable Edvard Kožušnik (Czech Republic – European Conservatives and Reformists Groups), Members of the IMCO Committee and Shadow Rapporteurs for public procurement. 

On May 11, The European Institute welcomed The Honorable Antonio Tajani, Vice President of the European Commission and Commissioner for Industry and Entrepreneurship, to a breakfast roundtable on the challenges faced by the United States and European Union in maintaining a competitive edge in today’s global economy.  Vice President Tajani shared his perspective on strengthening cooperation between American and European businesses and outlined key elements necessary to facilitate a “third industrial revolution,” including greater global economic integration and increased access to finance for small and medium enterprises. Fabio Franchina, President of Cosmetics Europe, and a member of the high-ranking European business delegation that accompanied Vice President Tajani on this “Mission for Growth,” also offered his perspectives. The discussion was moderated by Frédéric Badey, Senior Director of International Public Affairs Coordination at Sanofi.

Recovery Would Benefit From A Strong Push

There is an alarming absence of movement in the United States and Europe in the international trade field, especially in the transatlantic dimension. Despite the economic crisis, we have, at least so far, not seen any major reversal in the current trading order. This is partly thanks to the recognition of the intricate dependencies woven around global manufacturing, investment and even services over the last decades. Recognition of this reality has led most governments to abide by the rules of the World Trade Organization (WTO).

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High speed rail is a long-overdue concept for the U.S. economy whose time has finally come. But only European companies can bring it to pass.

President Barack Obama has promised $8 billion in stimulus funds to build the first real U.S. high-speed trains. The announcement, made by the President the day after his annual State of the Union speech in January, in which job-creation was a major theme, came in Tampa, Florida, the terminus of a planned link with Orlando. That is a prime high-speed project, along with two others: Sacramento and San Diego in California and a third one, a nine-state proposal in the Midwest with Chicago as its hub.

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A major new study documents the potential extra economic growth available on both sides of the Atlantic if the remaining non-tariff trade barriers were eliminated between the U.S. and the European Union.

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