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Transatlantic Trade and Investment Partnership

Statement from United States President Barack Obama, European Council President Herman Van Rompuy and European Commission President José Manuel Barroso

The White House Office of the Press Secretary, February 13, 2013

Washington, D.C. – We, the Leaders of the United States and the European Union, are pleased to announce that, based on recommendations from the U.S.-EU High Level Working Group on Jobs and Growth co-chaired by United States Trade Representative Kirk and European Trade Commissioner De Gucht, the United States and the European Union will each initiate the internal procedures necessary to launch negotiations on a Transatlantic Trade and Investment Partnership.

“The transatlantic economic relationship is already the world’s largest, accounting for half of global economic output and nearly one trillion dollars in goods and services trade, and supporting millions of jobs on both sides of the Atlantic. 

“We are committed to making this relationship an even stronger driver of our prosperity.  In that regard, we welcome the High Level Working Group’s recommendations on how we can expand further our transatlantic trade and investment partnership, promoting greater growth and supporting more jobs.

“A high-standard Transatlantic Trade and Investment Partnership would advance trade and investment liberalization and address regulatory and other non-tariff barriers.

“Through this negotiation, the United States and the European Union will have the opportunity not only to expand trade and investment across the Atlantic, but also to contribute to the development of global rules that can strengthen the multilateral trading system.”

Ambassador Kounalakis Awards Harman/Becker Automotive Systems and Brunswick Hungary for Community Programs
On April 24, 2012, Ambassador Kounalakis presented Active Citizenship awards to Harman/Becker Automotive Systems and Brunswick Hungary for their support of community programs in Székesfehérvár, Hungary. With these awards, the U.S. Embassy is recognizing the importance of community social responsibility programs of American companies in Hungary.

U.S.-Hungarian Agreement on Intellectual Property
The U.S. Patent and Trademark Office (USPTO) and the Hungarian Intellectual Property Office (HIPO) signed a Memorandum of Understanding on Thursday, April 5, 2012 that will streamline and expedite patent recognition between the United States and Hungary.

BRAND USA Unveils “Discover America (April 26, 2012)
As part of President Obama’s initiative to increase travel to the United States and the U.S. Travel Promotion Act, federal legislation passed in March 2010 which established a public-private partnership between the travel industry and the U.S. government dedicated to increasing international visitation to the U.S., BRAND USA recently launched “Discover America”, which web site offers in-depth coverage of the 50 states, five U.S. territories, and 50+ individual city destinations, as well as hundreds of useful links.

7th Round of Negotiations

  • US-EU Transatlantic Trade and Investment

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