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Article: Dinner Plates and French Champagne.(trade relations between Europe and the United States)(Brief Article)(Statistical Data Included)
- Article from:
- Europe
- Article date:
- April 1, 2001
- Author:
CopyrightCOPYRIGHT 2001 Delegation of the European Commission. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Assessing the state of commercial ties between the United States and the European Union strictly through the prism of the press would suggest that there's a marriage on the rocks--dinner plates flying over everything from beef to bananas.
But the real world suggests something else again. Every year, US and European businesses sell each other roughly $550 billion in goods and services largely without a hitch and the total stock of two-way investment has grown to some $300 billion.
Put another way: More than 100,000 computer hard drives and 22 million pounds of California almonds make their way to Europe each month, while some 70 million tulip bulbs from ...