Jim Higgins
Ceist:97 Mr. Higgins (Mayo) asked the Minister for Foreign Affairs if he will report on the status of EU-US relations. [18178/99]
Vol. 508 No. 1
97 Mr. Higgins (Mayo) asked the Minister for Foreign Affairs if he will report on the status of EU-US relations. [18178/99]
Ireland attaches the highest degree of importance to promoting and maintaining close relations between the European Union and the United States and we have worked consistently with our partners in the EU to strengthen and enhance the various frameworks through which those relations – both political and economic – are conducted.
The EU and the US hold regular summit meetings at six-monthly intervals involving the US Presidency, the Head of State or Government of the EU Presidency and the Commission President. The summits provide an opportunity to review relations and any difficulties which may have arisen, or any issues which either side fears might give rise to any difficulty, are discussed. The most recent summit was held in Bonn on 21 June 1999.
At the summit which was held in London in May 1998, the EU and the US agreed to establish a Transatlantic Economic Partnership, "the TEP". This is a significant initiative, aimed at promoting economic growth, principally through the reduction of regulatory and other non-tariff barriers to trade in goods and services between the EU and US. The partnership calls for close dialogue and co-operation to achieve substantial further trade liberalization within the framework of the World Trade Organization negotiations. In that connection, I agree with the view expressed by the President of the Commission, Mr. Romano Prodi, at the European Parliament on 14 September 1999 that the opportunity which the forthcoming World Trade Organization Ministerial Conference, to be held in Seattle from 30 November to 3 December 1999, offers to both the EU and the US to build a reinforced transatlantic partnership, capable of showing real joint leadership, should be fully seized.
The Transatlantic Economic Partnership also provides for cooperation in a number of important sectors such agriculture, services, manufactured products, industrial customs duties, global e-commerce, trade related aspects of intellectual property rights, or "TRIPS", investments, public procurement and competition. Ireland played a constructive role in the TEP negotiations. At the summit held in Washington in December 1998, both sides committed themselves to the full implementation of the partnership notwithstanding ongoing trade disputes.