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Commercial Relations Between the European Union and the United States of America - Development and Trade Disputes Since 1989
 Bubeníček, Roman ; Škrábalová, Lenka (advisor) ; Kozák, Kryštof (referee)
Transatlantic trade and investment are intense and the two economics narrowly interlinked. Despite the rapid increase of the global trade in recent decades, transatlantic economic relations remain the dominant force in international economic relations for both the United States and the European Union, particulary if one considers not only trade but also foreign direct investment. Today American and European economies are the world's largest, and they are likely to remain so for foreseeable future. Overall bilateral commerce approaches 2.5 trillion of dollars per year and employs directly or indirectly some twelve million workers in Europe and the US (2000). With such intensive commercial relations trade disputes have arisen with some frequency whereas the range of trade conflicts is so wide that a complete accounting is difficult. During the cold war foreign economic objectives were often subordinated to security concerns. The US fathered European integration primarily to achieve political rather than economic objectives. There was a mutual accomodation of interest and the solidarity with the US due to Soviet threat. During the early post-war years the US did generally get what it wanted. However, during the 1960s and 1970s, the European Community distanced itself from the US. On the contrary, during the...
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