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EU-US Transatlantic Partnership in the Context of Global Competition

Author

Listed:
  • Cristian Romeo Spataru

    (“Alexandru Ioan Cuza” University of Iași, Doctoral School of Economics and Business Administration, Romania)

  • Cristian Constantin Popescu

    (“Alexandru Ioan Cuza” University of Iași, Faculty of Economics and Business Administration, Romania)

Abstract

Historically, the "partnership" between the EU and the USA has unfolded on multiple levels - economic, technological, social, cultural, and strategic - and is rooted in shared values such as democracy, fundamental rights, and the rule of law. Multilateral forums, especially NATO, strengthen this bond. The core strength of transatlantic relations lies in the deep economic integration between the two major economies, reflected in robust trade and mutual investments that benefit both. This paper focuses on the economic and financial aspects and their impact on the partnership. EU-USA cooperation's shared values and mutual benefits outweigh their occasional disagreements or misunderstandings. Therefore, signing a comprehensive collaboration in the future (not merely a sequential or sectoral one) should be a priority for both parties. Will Trump agree?

Suggested Citation

  • Cristian Romeo Spataru & Cristian Constantin Popescu, 2024. "EU-US Transatlantic Partnership in the Context of Global Competition," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 83-91, December.
    • Handle: RePEc:ovi:oviste:v:xxiv:y:2024:i:2:p:83-91
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    More about this item

    Keywords

    EU-USA; economic integration; international relations; partnership;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F15 - International Economics - - Trade - - - Economic Integration
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • Y10 - Miscellaneous Categories - - Data: Tables and Charts - - - Data: Tables and Charts

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