On 15 June, American and European leaders will meet for the first EU-US summit in seven years. The high-level meeting provides a unique opportunity to set an ambitious agenda for the future of the transatlantic relationship. As business executives leading the operations of American companies in Europe, we are fully committed to strengthening the EU-US partnership, which supports 16 million jobs on both sides of the Atlantic.
In the midst of a global pandemic with a devastating social and economic impact, the strong policy response in the EU and the US has been critical to weathering the storm. Our economies are so closely intertwined, through mutual flows of trade and investment, that both partners must continue to cooperate closely. The transatlantic relationship is the backbone of the global economy and, as such, a strong EU-US partnership is critical for a successful global recovery.
As they gather next week, we call on transatlantic leaders to seize the momentum and shape a renewed vision for EU-US cooperation. Together, both sides can continue to create jobs, boost global growth and, importantly, tackle the world’s largest challenges, including the fight against climate change and inequalities. Important initial priorities are:
As business leaders, we continue to see great opportunity in the transatlantic economy, a key global innovation hub. Bilateral EU-US flows in research and development (R&D) are the most intense between any two international partners (Transatlantic Economy 2021). We stand ready to support all efforts to advance the transatlantic relationship, including by facilitating dialogue between the EU and the US as well as continuing to strengthen our economies through job creation and investment.
Signatories:
The signatories are members of the Executive Council of the American Chamber of Commerce to the EU (AmCham EU). A forum for senior executives responsible for the European operations of some of AmCham EU’s member companies, the mission of the Executive Council is to strive for the continuous improvement of European global competitiveness, through targeted dialogue at the highest levels between its members and senior policymakers of the EU institutions, Member States and international organisations.
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