The relationship between the European Union and the United States has frequently been compared to that of an old married couple; deeply united, occasionally quarrelsome, but steadfastly committed because we are constantly reminded of how much we have in common.  This 60-year  “marriage”, like any successful marriage, has figured out each other’s idiosyncrasies, upon more than one occasion accommodated the wishes of their partner, and figured out how to pick their battles when it comes time to squabble.  And because of this experience the relationship has grown stronger over the years.  Today, EU and U.S. economies are so intertwined that combined they make up 60% of global GDP, and constitute a $4 trillion transatlantic economy that provides approximately 14 million jobs.

So far, political leaders have pledged to strengthen transatlantic economic ties.  The Transatlantic Economic Council (TEC) has been created and empowered to resolve regulatory differences on a wide range of issues.  Currently, through the TEC, both sides have identified a work plan to resolve a number of key regulatory barriers, which over the years have driven up consumer costs and made companies less competitive. 

AmCham Denmark believes it is critically important to continue the momentum, champion the progress, and redouble trans-Atlantic efforts.  U.S. and Danish companies alike should pay attention, be supportive, and push both governments to deliver on the promise that regulatory cooperation holds to our combined economic future.

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