thaliabayleAlmost a decade after the launch of the Doha Round under the World Trade Organization (WTO), the negotiations are mired in complex deadlock and most experts believe that there is little chance of a significant pact being salvaged by year’s end. That is the effective deadline for this ill-starred round of trade talks since next year is election year in the U.S., never propitious for global trade talks.

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Transatlantic Press Review: Pentagon Slammed for Poor Management

The collapse of the joint tanker bid by Northrop Grumman and EADS triggered extensive and strongly worded media criticism on both sides of the Atlantic of the Obama administration’s handling of the bidding process by the Pentagon. These commentaries are echoed in private by many U.S. and European officials, who say that it further dims hopes for reversing a declining trend in transatlantic defense relations, starting with defense-industrial cooperation.

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This meeting hosted by the Embassy of the Republic of Slovenia, addressed trade issues in light of the current economic crisis and declining trade. Speakers included: Mauro Petriccione, European Commission's DG Trade Director for bilateral relations including the United States and China; Dr. Tihomir Stoytchev, Minister and Deputy Chief of Mission for the Embassy of Republic of Bulgaria; and William “Bill” Craft, Jr., Acting Assistant Secretary for Trade Policy and Programs at the U.S. Department of State.  All of the panelists agreed that despite the economic crisis, it is vital to avoid protectionism policies and that transatlantic cooperation is needed to keep world trade markets open.

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