The commercial and geostrategic relationship between the United States and Europe is unparalleled in size and scope. The transatlantic relationship today accounts for nearly 40% of global GDP and supports 16 million jobs on both sides of the Atlantic. More than $1.3 trillion in goods and services are traded between the U.S. and Europe every year, and two-way investments exceed $6 trillion. In fact, 6 of the top 8 sources of foreign direct investment in the United States are European countries. As the U.S. and Europe strive to expand the breadth and depth of our relationship by removing barriers to trade and investment, the Chamber’s European Affairs program plays a key role in shaping the agenda.
The U.S. Chamber’s European Affairs team advocates for free enterprise, competitive markets, and rules-based trade and investment with Europe as the path to economic opportunity and prosperity for all. We are uniquely positioned to help shape the terms of debate and ensure that transatlantic business interests are effectively advanced via a combination of advocacy, access, thought leadership, and communication with senior policymakers and leaders.
Key activities include the following:
- Advocacy: We lead the charge in support of a closer and more integrated transatlantic economy by directly promoting greater regulatory cooperation and removing unnecessary tariff and non-tariff barriers to trade and investment.
- Head of State Meetings: When leaders want to meet the business community, they come to the Chamber. Over the past few years, we have welcomed heads of state from several European nations including Denmark, Estonia, France, Germany, Ireland, Latvia, Lithuania, the Netherlands, Poland, Spain, and the United Kingdom.
- Private Roundtable Series: We routinely host off-the-record, members-only roundtables with European commissioners, MEPs, ministers and ambassadors, as well as members of Congress, U.S. government officials, and other thought leaders. These events offer a unique opportunity to engage with decision makers in a private setting.
- Delegations to Europe: We lead high-profile delegations to meet with top policymakers in Europe on a range of important issues, such as trade, tax, energy, the digital economy, and innovation.
- Flagship Events: Our annual Transatlantic Business Works Summit draws business and government leaders from both sides of the Atlantic to promote transatlantic ties and develop concrete solutions to shared challenges.
- Working Groups: We establish ad hoc working groups to address discrete issues identified by our members such as European tax policy, financial services, energy, and life sciences.