Alexa

U.S.-EU aim to boost economic ties

U.S.-EU aim to boost economic ties

U.S. and EU leaders gather Monday at the White House to boost economic ties but harbor little hope of striking an accord on the increasingly divisive issue of global warming and how to combat it.
German Chancellor Angela Merkel, whose country holds the rotating EU and G8 presidency, was counting on the annual U.S.-EU summit in Washington to line up positions about climate change before the beginning of June, when she is to host the summit of eight developed countries back home in Germany.
But without a common stance on goals for reducing carbon emissions, the two parties risk making paltry statements of intent, particularly with U.S. President George W. Bush's position far from Merkel's and EU Commissioner Jose Manuel Barroso's.
The U.S. ambassador to the European Union, C. Boyden Gray, has warned against high expectations from Monday's summit. What is likely to emerge is a "transatlantic economic partnership" between Americans and Europeans.
Such a partnership would aim to synchronize regulations and standards in automotive or pharmaceutical industries or in intellectual property and public markets to entice investment and exchange.
A U.S.-EU "open sky" accord on freeing up transatlantic air travel is expected, which would allow companies to fly anywhere in Europe or the United States beginning in March 2008.


Updated : 2021-03-09 13:12 GMT+08:00