A delegation from the European Parliament’s Committee on Industry, Research and Energy that included The Hon. Catherine Trautmann (MEP–France), Vice-Chair and The Hon. Giles Chichester, Member of the Committee, along with The Hon. Jonathan Evans (MEP-UK), Chairman of the Delegation for Relations with the U.S. discussed the effectiveness of the European ETS as well as transatlantic cooperation on energy and climate change issues. Participants included  James Slutz, Acting Principal Deputy Assistant Secretary of Energy and Angelos Pangratis, Deputy Head of the Delegation of the European Commission. There was a consensus that although there are problems with the current ETS, it does work and it is a positive initiative toward developing new technologies.

H.E. Pierre Vimont, newly appointed Ambassador of France to the United States, discussed President Nicolas Sarkozy’s goals for the EU, as France assumes the presidency of the European Council in the latter part of 2008. The European Union should focus on four points: economic growth; internal security and the growing concerns about immigration; environmental protection and climate change; external relations and the EU’s role in the international community. Ambassador Vimont stressed that the EU needs to “put its house in order” and decide on the new constitution, a common defense policy, and enlargement. France has proposed the creation of a committee of “wisemen” to address these difficult issues.

The Honorable Meglena Kuneva, European Commissioner for Consumer Protection presented the Commission’s recently completed Review of Consumer Protection Law, which seeks to strengthen, modernize and harmonize consumer protection regulations within the member states of European Union. She emphasized the importance of enforcement of consumer laws and the need for stronger discipline within the EU member-states regarding consumer policy. She was optimistic regarding the EU-U.S. consumer relationship, as both share the same goals and priorities. The high level of transparency between the U.S. and EU is good for the international economy. Lydia Parnes, Director of the Bureau of Consumer Protection at the U.S. Federal Trade Commission concurred and noted that the Transatlantic Consumer Dialogue (TACD) is a good forum for the U.S. and EU to share information and to further collaboration efforts. The discussion was moderated by Raymond Calamaro, a partner at Hogan & Hartson LLP, in whose offices the meeting was held.

The Honorable Lucas Papademos, Vice-President of the European Central Bank addressed the role of the Central Bank in dealing with the current turmoil in global financial markets, as well as the prospects for the European economy. This dinner discussion was hosted in New York City in cooperation with BlackRock, Inc.

As nation-states (in particular North Korea and Iran) have continued to work on the proliferation of missiles over the past few years, there has been a dramatic increase in interest on missile defense by the rest of the world. Lt. Gen. Henry A. “Trey” Obering III, Director of the Missile Defense Agency with the U.S. Department of Defense, discussed the status of the U.S. plan for missile defense in view of the increased threats to national security. He addressed the U.S. proposal to place new missile interceptors in Poland and the Czech Republic, which is the subject of great debate and has critical strategic implications for both Europe and the United States. Gen. Obering acknowledged European and Russian concerns and stressed transparency and collaboration among the U.S., E.U., NATO, and Russia.