Be a part of the Transatlantic Economy
Be a part of the Transatlantic Economy
Are you a small or medium sized business in the US and want to enter the European Union market?
Perhaps you are a small or medium sized business in the European Union (EU) and want to enter the US market.
Did you know that the combined economies of the EU and US account for nearly 45% of global GDP, 23% of world trade in goods and 30% of world trade in services?
Without getting too academic, here are some basic figures:
- The EU and the US are both among the largest players in global trade. In 2007, the total trade volume for the EU was $3.642 trillion dollars, while the US accounted for $3.116 trillion dollars.
- The US and the EU represent the two largest traders in the world. Furthermore, the EU and the US are each other’s main trading partners and account for the largest bilateral trade relationship in the world.
- The EU and the US both account for nearly one-fifth of each other’s bilateral trade (which includes trade of goods and services), or what amounts to over €1.7 billion ($2.2 billion) per day.
- In 2008, exports of EU goods to the US amounted to €249.6 billion (19.1% of total EU exports), while imports from the US amounted to €186.4 billion (12.0% of total EU imports).
Hamilton and Quinlan, “The Transatlantic Economy 2009: Annual Survey of Jobs, Trade, and Investment between the United States and Europe”
Once you decide to take the plunge contact us to create and/or implement your marketing communications strategy. We have our feet on both continents with wide reaching networks.
