The EU-US economic partnership is the single most important driver of global economic growth, trade, and prosperity.
The EU and the US are each other’s main trading partners in goods and services and account for the largest bilateral trade relationship in the world. The partnership between the EU and the US is based not only on trade but also on common values such as commitment to the rule of law, the democratic process, and respect for human rights.
The interconnected transatlantic economy generates 5.6 trillion USD in total commercial sales every year and employs up to 16 million workers in onshore jobs on both sides of the Atlantic. These jobs result from transatlantic trade in goods and services, foreign investment, and the activities of foreign affiliates in each other’s economies. The EU and the US account for about a third of the world’s GDP and trade, and 60 percent of foreign direct investment.