U.S.-EU Trade Deal is the Foundation For a New Global Economic Order

By Dana Gabriel

The U.S. and EU have agreed to launch negotiations on what would be the world's largest free trade deal. Such an agreement would be the basis for the creation of an economic NATO and would include trade in goods, services and investment, as well as cover intellectual property rights. There are concerns that the U.S. could use these talks to push the EU to loosen its restrictions on genetically modified crops and foods. In addition, the deal might serve as a backdoor means to implement ACTA which was rejected by the European Parliament last year. A U.S.-EU Transatlantic trade agreement is seen as a way of countering China’s growing power and is the foundation for a new global economic order.

In his recent State of the Union address, President Barack Obama officially announced that the U.S. would launch talks on a comprehensive Transatlantic Trade and Investment Partnership with the European Union (EU). A joint statement issued by European Commission President Jose Manuel Barroso, European Council President Herman Van Rompuy and U.S. President Obama explained that, “Through this negotiation, the United States and the European Union will have the opportunity not only to expand trade and investment across the Atlantic, but also to contribute to the development of global rules that can strengthen the multilateral trading system.” In a separate speech, European Commission President Barroso also emphasized that, “A future deal between the world's two most important economic powers will be a game-changer. Together, we will form the largest free trade zone in the world. So this negotiation will set the standard – not only for our future bilateral trade and investment, including regulatory issues, but also for the development of global trade rules.”

U.S.-Canada Harmonizing Border Security and Immigration Measures

By Dana Gabriel

The U.S. and Canada have made significant progress in advancing the Beyond the Border deal and continue to implement various perimeter security initiatives. Without much fanfare, they have signed an immigration agreement that would allow them to share biographic and at a later date, biometric information. As part of a North American security perimeter, both countries are further harmonizing border security and immigration measures. Canada is further taking on U.S. security priorities and this could include a bigger role in the war on terrorism.

It’s been over a year since Prime Minister Stephen Harper and President Barack Obama announced the Beyond the Border and the Regulatory Cooperation Council action plans. On December 14, 2012, the U.S. and Canada issued the Beyond the Border implementation report that highlights the objectives that were achieved over the past year and the work that has yet to be done. It explained that moving forward, “Key future initiatives include harmonizing our trusted trader programs, making significant infrastructure investments at our key land border crossings, fully implementing an entry/exit program at the land border, expanding preclearance operations to the land, rail, and marine domains.” The report also acknowledged challenges facing the Next-Generation pilot project which would permit teams of cross-designated officers to operate on both sides of the border. It was originally scheduled to begin last summer. While steady progress has been made, a lot more work is needed to meet the goals of the Beyond the Border action plan. Over the next several years, other aspects of the deal will be phased-in incrementally with specific deliverables due this year, in 2014 and also in 2015.