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HomePolicy Articles Article Summary

Building New Bridges: The Case for Strengthening Transatlantic Economic Ties

Report by William Robson

This report, by Hancock and Robson, is accompanied by a statement from the British North American Committee (BNAC), a group of leaders from business, labour, and academia in the United Kingdom, the United States, and Canada. The BNAC is committed to the maintenance of harmonious, constructive relations among the three countries and their citizens. The Committee’s statement suggests that even though shared economic interests are weaving the two continents closer together, divergent political pressures threaten to pull them apart; accordingly, BNAC officials suggest they are looking to Hancock and Robson’s paper for solutions to reverse this trend.

Hancock and Robson raise several key points in their report. They note the critical importance of continued efforts to improve transatlantic dialogue and cooperation in existing forums, especially the World Trade Organization (WTO). They contend, however, the WTO may no longer be sufficient, and that further North America-European Union integration requires greater depth of rules and policy coordination.

Hancock and Robson conclude that a new negotiating forum, other than the World Trade Organization, is most likely to engender progress in the transatlantic relationship. They suggest that a new purpose-built institution would provide a clear political signal, for all parties, of the intent to proceed; further, it would provide forums through which the broader trade-offs that facilitate significant breakthroughs in trade negotiations would be possible.

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Policy Publication Details

Author(s): William Robson;
Publisher: C.D. Howe Institute [ Visit Website ]
Year Published: 2003; Publisher Type: Research Institute
Publicly Available: Yes Research Focus: International;
Registration Required: No Language: English
Payment Required: No Publication Format: Adobe PDF

Subjects / Categories:

Policy Articles / International Trade, Development & Finance / World Trade Organization
Policy Articles / International Trade, Development & Finance / International Market Access
Policy Articles / International Trade, Development & Finance / International Market Access / 2003
Policy Articles / International Trade, Development & Finance / World Trade Organization / 2003
Policy Articles / International Trade, Development & Finance


Keywords / Tags:

transatlantic relations; European Union; World Trade Organization; British North American Committee; political pressures; economic integration;