EU-US after midterm elections: business expects transatlantic solutions

Now that the US midterm elections have taken place, the EU and the US must concentrate all efforts on solving critical problems in their transatlantic relationship, especially in trade-related policy areas.

BusinessEurope President Pierre Gattaz commented: “I hope that now after the US midterm elections we can concentrate on transatlantic solutions that work for both sides. European companies expect concrete results on many topics of common interest, including joint work on the reform of the WTO, addressing overcapacity and state subsidies and promoting regulatory cooperation in key sectors of our economies. We have a common interest in eliminating tariffs, not imposing additional duties on each other's exports.”

He added: “Companies need a stable and predictable trade and investment environment. Constant disruption is not good for investment, jobs and innovation neither in the EU nor in the US. We need modern trading rules and a reformed World Trade Organisation. The EU and the US should work together to achieve this. Now is the time to act and get concrete results.”