Seanad debates

Thursday, 27 November 2003

Address by President of the European Parliament.

 

Senator Henry asked about EU-US relations and our relations with the current US Administration. We have many high-level values and principles in common. Interests are important in politics, and the EU-transatlantic investment and trade relationship is the deepest bilateral relationship in the world. In investment and trade terms it is worth more than $1 trillion per annum. In mutual jobs terms – Europeans working for US firms and US citizens working for EU firms – there are 13 million people on the payrolls on both sides. It is broadly balanced, although the EU has slightly more workers in the US than the US has in Europe. There are so many common interests that we would be negligent in our public responsibilities if we let the disrepair of the current relationship slip into breakdown.

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