2005 | OriginalPaper | Chapter
Assessing Proposals for a Transatlantic Free Trade Area
Authors : Rolf J. Langhammer, Daniel Piazolo, Horst Siebert
Published in: Transatlantische Beziehungen
Publisher: VS Verlag für Sozialwissenschaften
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Institutionalizing economic relations between the EU and the US has been on the political agenda for many years. In recent years, however, there has been a shift from the traditional trade policy focus to issues of securing market access and harmonizing trade-related domestic policies. In February 2002, for instance, the EU commissioner for transportation, Loyola de Palacio, proposed the creation of a transatlantic air space. In November 2001, the German noble laureate in economics, Reinhard Selten, stated that a common transatlantic currency is “by all means possible”.
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Large transatlantic mergers as between Daimler Benz and Chrysler underline that transatlantic cooperation in competition policies is an issue of growing importance.