The EU-US economic partnership is the single most important driver of global economic growth, trade, and prosperity.
The EU and the US are each other’s main trading partners in goods and services, and account for the largest bilateral trade relationship in the world. The partnership between the EU and the US is based not only on trade but also on common values such as commitment to the rule of law, the democratic process, and respect for human rights.
Bilateral trade and investment support millions of jobs in the EU and the US. Around 9.4 million people work for foreign affiliates of EU and US companies on both sides of the Atlantic. To put this in perspective: This is more than the population of New York City. The EU and the US account for about one third of the world’s GDP and trade. Total US investment in the EU is four times higher than in the Asia-Pacific region. EU foreign direct investment in the US is around 10 times the amount of EU investment in India and China together.
