EU-US Transatlantic Partnership in the Context of Global Competition

Cristian Romeo Spataru () and Cristian Constantin Popescu ()
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Cristian Romeo Spataru: “Alexandru Ioan Cuza” University of Iași, Doctoral School of Economics and Business Administration, Romania
Cristian Constantin Popescu: “Alexandru Ioan Cuza” University of Iași, Faculty of Economics and Business Administration, Romania

Ovidius University Annals, Economic Sciences Series, 2024, vol. XXIV, issue 2, 83-91

Abstract: Historically, the "partnership" between the EU and the USA has unfolded on multiple levels - economic, technological, social, cultural, and strategic - and is rooted in shared values such as democracy, fundamental rights, and the rule of law. Multilateral forums, especially NATO, strengthen this bond. The core strength of transatlantic relations lies in the deep economic integration between the two major economies, reflected in robust trade and mutual investments that benefit both. This paper focuses on the economic and financial aspects and their impact on the partnership. EU-USA cooperation's shared values and mutual benefits outweigh their occasional disagreements or misunderstandings. Therefore, signing a comprehensive collaboration in the future (not merely a sequential or sectoral one) should be a priority for both parties. Will Trump agree?

Keywords: EU-USA; economic integration; international relations; partnership (search for similar items in EconPapers)
JEL-codes: F02 F15 O11 Y10 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xxiv:y:2024:i:2:p:83-91

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