Fact Sheet
Office of the Spokesman
Washington, DC
June 25, 2003
United States - European Union RelationsThe United States and the European Union are bound by shared values and responsibilities. Despite a period of strained bilateral relations with some European Member States over Iraq, the U.S.-EU relationship remains strong; our areas of common belief and objectives remain great.
- The European Union and the United States enjoy the world's largest economic relationship. Two-way U.S.-EU trade is over $500 billion annually, and the U.S. and EU are the largest investors in each other's markets, creating jobs and boosting growth on both sides of the Atlantic. The vast majority of our trade occurs without headlines, without rancor, without disputes.
- At Doha we came together to launch a new WTO trade round to provide continued momentum for free trade and increased global prosperity.
- We announced the start of new aviation negotiations at the June 25 U.S.-EU Summit.
- We are cooperating on the development of a hydrogen economy to enhance the security of energy supply, increase diversity of energy sources, and improve environmental quality. We consult closely on a broad range of energy issues.
- We are jointly participating in a High Level Dialogue on Climate Change and are conducting cooperative climate change science and technology research activities.
- We are cooperating closely on counterterrorism and non-proliferation. At the June 25 U.S.-EU Summit we signed U.S.-EU Mutual Legal Assistance and Extradition Agreements.
- We jointly prevented humanitarian crises in Afghanistan and the Balkans and worked together to build democratic institutions. We have similar goals in Iraq.
- We are cooperating closely on the Middle East policy through the Quartet and co-authored the Roadmap.
- With NATO and EU enlargement together we are helping to create a Europe that is, in the words of President Bush, "whole, free and at peace."
Released on June 25, 2003
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