The recently concluded annual strategic dialogue

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Unformatted text preview: llenges as promoting energy security and efficiency, combating climate change, and helping developing nations lift themselves out of poverty, a goal toward which the EU and the U.S. together provide 80 percent of official development assistance worldwide. The partners also cooperate in additional policy areas including counterterrorism, crisis management, research and development, and education and training. Perhaps the most defining feature of the global economy, the EU-U.S. economic relationship accounts for more than 30 percent of global trade in goods and 40 percent in services. The two economies each provide the other with its most important source of foreign direct investment and close to a quarter of all EU-U.S. trade consists of transactions half in the U.S. and half in the EU within firms based on their investments on either side of the Atlantic. In fact, U.S. investment in Europe ($2 trillion) was nearly four times more than in all of Asia at the end of 2009. The overall transatlantic workforce is estimated at 15 million workers —about—who owe their jobs directly or indirectly to companies from...
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