omslag med 8mm ryg04#1 - American Chamber of Commerce in ...

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EU / Member States
Portugal
Spain
Ireland
Iceland
United
Kingdom
France
Denmark
Belgium
Netherlands
Luxembourg
Switzerland
Norway
Germany
Italy
Sweden
Czech Republic
Austria
Slovenia
Croatia
Poland
Slovakia
Hungary
Bosnia and
Herzegovina
Montenegro
Finland
Yogoslavia
Albania
Estonia
Lithuania
Macedonia
Greece
Latvia
Belarus
Romania
Ukraine
Bulgaria
Russia
Moldova
Turkey
Investment, Trade and Jobs:
The Motor of the Trans-Atlantic Economic Relationship
The US and the EU share the largest trade and investment relationship
in the world. They account for about 40% of the entire world economy
and generate roughly $2.5 trillion in total commercial sales a year.
Trans-Atlantic flows of trade and investment amount to around $1 billion a day.
Investment
Foreign direct investment (FDI) is a key part of the trans-
Atlantic economic relationship. Often overshadowed by
trade in goods and services between Europe and the US,
direct investment on both sides of the Atlantic contributes
hugely to economic growth, employment and prosperity.
Despite seemingly tense trans-Atlantic relations during
2003, US FDI in Europe amounted to $87 billion, an increase
of 30.5% on 2002 figures. Likewise European direct investment
accounted for nearly 65% of total US FDI at $36.9
billion in 2003, $10.9 billion more than in 2002.
Trade
US – EU trade constitutes the largest bilateral trading relationship
in the world. In 2003 US exports to Europe grew by
4.8% to $150.6 billion, whilst EU exports to the US grew by
8.5% to $245 billion despite a 20% appreciation of the euro
against the dollar. Although US – EU trade relations are often
US Direct Investment Position
in Europe by Sector 2003
Other industries (47%)
Electrical equipment, appliances,
& components (0.6%)
Utilities (1.1%)
Primary & fabricated metals (1.2%)
Machinery (1.3%)
Food (1.3%)
Mining (2%)
Transportation equipment (2.1%)
Professional, scientific, &
technical services (2.5%)
Computers & electronic products (2.9%)
Depository institutions (3.7%)
Information (4.2%)
Chemicals (6.4%)
Wholesale trade (9.3%)
Finance (except depository
institutions) & insurance (14.4%)
portrayed in the media as dominated by disputes, in general,
such issues represent a fraction of total trade between the
two economies (1-2%).
Jobs
Together, European and US companies invest more in each
other’s economies than in the rest of the world. Very often,
for US or European companies it is the trans-Atlantic market
place that provides the major source of global earnings. This
relationship accounts for many jobs – an estimated 12-14
million on both sides of the Atlantic.
European affiliates of US firms directly employed 3.5 million
Europeans in 2001. It has been suggested that indirect
employment may take the total close to 6 million European
jobs. On the other side of the Atlantic, European companies
in the US provided Americans with just over 4.2 million jobs,
up to 7 million if one includes indirect employment.
300,000
250,000
200,000
150,000
100,000
50,000
0
-50,000
-100,000
US-EU Trade 2000-2003
(millions of $US)
2000 2001 2002 2003
US Exports US Imports Trade Balance
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