The European Commission publishes today a non-paper clarifying its objectives for financial services in the negotiations for a Transatlantic Trade and Investment Partnership (TTIP). The EU proposes to establish, within the TTIP framework, a transparent and accountable process which would allow the two parties to work together towards strengthening financial stability. The objective is not to define (or re-define) the substance of international standards for financial regulation or to negotiate prudential rules. The objective is to create a workable platform...

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Brussels, 22 January 2014 -- The European Commission is urging Member States to recognise the central importance of industry for creating jobs and growth and to mainstream industry-related competitiveness concerns across all policy areas. This is the key message of the communication For a European Industrial Renaissance, adopted today. The Commission calls on the Council and the Parliament to adopt proposals on energy, transport, space and digital communications networks as well as implement and enforce legislation to complete the...

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This morning, the Senate Finance Committee held an important hearing on the recently introduced Trade Promotion Authority legislation. Senators Baucus and Hatch used their opening statements, which are linked below, to urge quick consideration and passage of the legislation. For more in-depth coverage of the hearing, you can find the list of witnesses, their prepared remarks, and a video of the proceedings here. Baucus Statement on the Need to Renew Trade Promotion Authority Senator Baucus argues that Congress needs Trade Promotion Authority...

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European Green Capital Award: Green Cities Fit for Life Urban areas in Europe are the source of many of the continent’s current environmental challenges—not surprisingly, since three out of four Europeans live in towns and cities. Local governments and authorities can provide the commitment and innovation needed to tackle and resolve many of these problems. One of the policy tools the European Commission, the EU’s executive arm, is using to address these challenges is the European Green Capital Award (EGCA), which...

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January 2014, Washington, DC - U.S. Trade Representative Michael Froman issued the following statement today regarding the introduction in Congress of the Bipartisan Congressional Trade Priorities Act of 2014: “I welcome the introduction of the Bipartisan Congressional Trade Priorities Act.  We expect to have a robust conversation on the Hill about how trade agreements should be negotiated and the role of Congress in that process.  We're eager to engage directly with Members of the Finance and Ways and Means Committees...

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Finance, Ways & Means Leaders Team Up to Craft Bill to Deliver Trade Deals that Boost U.S. Exports, Create Jobs WASHINGTON - Senate Finance Committee Chairman Max Baucus (D-MT), Ranking Member Orrin Hatch (R-Utah) and House Ways and Means Committee Chairman Dave Camp (R-MI) joined together today to introduce legislation that will establish strong rules for trade negotiations and Congressional approval of trade pacts, to deliver trade agreements that boost U.S. exports and create American jobs. The Bipartisan Congressional Trade Priorities...

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Flash estimate - December 2013 - Euro area annual inflation down to 0.8% Euro area annual inflation is expected to be 0.8% in December 2013, down from 0.9% in November, according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, food, alcohol & tobacco is expected to have the highest annual rate in December (1.8%, compared with 1.6% in November), followed by services (1.0%, compared with...

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A common set of standards to improve consultation, participation and dialogue with partners such as regional, local, urban and other public authorities, trade unions, employers, non-governmental organisations and bodies responsible for promoting social inclusion, gender equality and non-discrimination during the planning, implementation, monitoring and evaluation of projects financed by the European Structural and Investment Funds (ESIF) has been adopted today by the European Commission. These Funds comprise the European Regional Development Fund (ERDF), the European Social Fund (ESF), the Cohesion...

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It is a source of frustration all too familiar to cultural and creative businesses across Europe. They painstakingly craft a solid business plan, but when they go to their bank and ask for a loan to turn their brilliant entrepreneurial idea into a profitable venture, all but the biggest enterprises usually find the door firmly shut. A new study published today by the European Commission finds that a mismatch in supply and demand in the loans market means creative...

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In his annual New Year's message, the EU Ambassador to the United States João Vale de Almeida highlights 2014 as a year for strong transatlantic cooperation.  "There is a lot we can do together based on our common values, but also accepting our differences. Most importantly we need to focus on what we can do to help our citizens to find jobs, what we can do to promote economic growth, and what we can do to help the world...

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