Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-23-Speech-2-586-000"
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"en.20121023.45.2-586-000"2
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"It has been said that no other economic relationship in the world is as integrated as the transatlantic economy. You only need to look at some of the statistics. The EU and the US economies together account for around half the entire world GDP and for almost a third of world trade flows. Mutual investment is more than EUR 2.1 trillion. Total US investment in the EU is three times higher than its investment in all of Asia. Equally, the EU’s investment in the US is estimated to be eight times the amount of EU investment in India and China taken together. There are also roughly 15 million jobs linked to the transatlantic economy. It is estimated that a third of the trade across the Atlantic actually consists of intra-company transfers. There are issues that can get in the way of other trade agreements such as labour and environment standards, which should not be obstacles to an EU-US trade agreement. However, we should be careful that any EU-US agreement is not seen to force standards and agreements on less-developed countries. If we can guard against EU-US dominance, we should welcome a comprehensive transatlantic trade agreement across the political spectrum."@en1
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