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Next Generation of Trade Policy -

The Transatlantic Market and the TEC
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Ý ͞If the TEC didn͛t exist, we would have to create it͟, j

Ý Need to improve process to facilitate substantive exchanges

and action on issues that are key to our shared economic
future:

- Strengthen vote of Congress and European Parliament on

transatlantic economic issues
Ý Idea of ͞joint sessions͟ on key issues
Ý Creation of ͞umbrella group͟ to corral various US-EU Congressional/
Parliament dialogues
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Next Generation of Trade Policy -

The Transatlantic Market and the TEC
Ý Change focus of TEC to shared strategic vision

Ú Requires top-level political support

Ú Macro-economic coordination (G8, G20)
Ú Future economic growth/ job creation in transatlantic market
Ú US-EU joint approaches/ coordination with third countries (read China)
Ú Bring together all stakeholders (TLD, TABD, TACD, etc) in 2010-2011 with the
administrations to ensure a common shared view

Ý Complement strategic vision with specific ͚headline͛ actions

Ú Trade: zero-tariff agreement; transatlantic service agreement; sectoral

agreements
Ú New narrative on benefits of open trade/investment
Ú Awareness building with Congress, European Parliament and sectoral
stakeholders