The transatlantic economy is bigger than ever. Big, trillions big and compared to other international economic relations, the biggest by far. US foreign direct investment (FDI) in Europe totals >$13.6 (£8.4) trillion. By return of compliment, European FDI in the USA has reached >$9 (£5.8) trillion. Do the math, and we have >$22 (£14.2) trillion of transatlantic FDI. Need more convincing? The transatlantic economy generates >$5.5 (£3.5) trillion in annual total commercial sales. The detail is to be found in this year’s “Transatlantic Economy 2015 Report” which puts it succinctly: “Despite economic turbulence, the US and Europe remain each other’s most important markets. No other commercial artery in the world is as integrated…” The Transatlantic Economy 2015 Report is an Annual Survey of Jobs, Trade and Investment, conducted by authorities on the subject including John Hopkins University, the American Chamber of Commerce to the European Union (AmCham EU) and the Trans-Atlantic Business Council (TABC). The full version comprises 112 information packed pages, reminding us all (which we do need from time to time) of the pre-eminent importance of the economic relationship between the 62 European countries (28 of which are in the European Union) and the 50 United States. The report is very readably structured into: A Tale of Two Economies, The Post-Crisis Transatlantic Economy, The 50 US States and, the last chapter is entitled, European Countries. These are then followed by the somewhat heavy going statistic packed appendices, of which there are more than 40 pages! If you are looking for US/EU stats, look no further. For the time pressed amongst you, I strongly recommend the Transatlantic Economy 2015 Pocket Version, a more digestible 28 pages. Let me share with you some of the key points that I found most revealing and useful.Read More
International Business and Technology Blog
Italy has been on my watch list for many, many years. I never: i) lose a chance to go there for both business (and leisure) and ii) did not understand (nor do most of my Italian friends) how someone like Berlusconi (apart from the fact that his fortune estimated at >$9Bn, owns much of it in Italy’s media and communication assets) became their Prime Minister (3 times since 1994) for >9 years.
In May 2004, Poland joined the EU along with 9 other eastern European countries. It was the single largest EU enlargement in terms of people and countries. The EU then had 25 members (now 28). Poland now has a GDP of $516 Bn (>20% than in 2008), and income levels have doubled for the 38 million citizens who have enjoyed average annual GDP growth >4%, since 2004. It has been a good recession. All this has ensured that Poland is now firmly one of the “Big EU 6”, in with Germany, UK, France, Italy and Spain.
Preparations for the sixth round of Transatlantic Trade and Investment Partnership (TTIP) negotiations, will take place in Brussels, Belgium from July 14th-18th 2014. Stakeholders are invited to participate. On the table we have manufacturing, agriculture, services, investment and public procurement and rules related to small and medium enterprises (SMEs). So if you feel concerned get down to the Management Centre Europe, Rue de l’Aqueduc 118, 1050 Brussels on the July 16th and express yourself!
Moselle Developpement will be an exhibitor at this year’s Hannover Messe 2014 industrial fair with two stands, one in Hall 17, Stand B53 and also Hall 13, Stand C30. The annual event will be taking place in Germany between 7-11 April, and there are typically 250,000 visitors each year.
As the State of Pennsylvania’s Authorised Trade Representative (ATR) for France, IBT Partners attended the ‘Pennsylvania International Week 2013’ (PIW2013), to meet with companies there and discuss their European development.
I was recently called upon by fDi Magazine, to serve on the judging panel in their 2nd Global Ranking of Economic Zones. Alongside other leading experts on the panel, I assessed more than 600 free zones from 120 different countries, judging them on criteria including facilities, promotion strategies, services, transportation, incentives offered, and cost-effectiveness as well as drawing on my expert knowledge and experiences.