Europe-Texas Affrairs Council of Texas
Maria del Pilar Llusa
Alejandra de la Torre
Video Conference Sessions
Stating Jan 19th Tuesdays 9am-11am (Central Time) 4pm-6pm (UK time)
Requirements: 1. Registering and 2. Google Hangouts
Details: Contact us
* Business Law & Formation
* Taxes & CPA
* Real Estate Comertial/Residential
* Buying a business vs Buying a Franchise
Welcome to our great network of businesses, diplomats, and organizations all working together to create a world of opportunities both in Europe and Texas!
We are at the heart of the world economy. The enormous business potential of the transatlantic commercial relationship is far from being fully realized.
More that €1.8 Billion of goods and services are traded every day between the European Union and the United States. We have a collective investment stock of over $2 trillion in our respective regions.
The United State has consistently directed half of its total foreign direct investment (FDI) each year toward the EU, and the EU’s FDI in the U.S has continually accounted for almost two-thirds of America’s total incoming investment.
US investment in the EU is more than three times the total U.S FDI to the entire Asia-Pacific region and EU FDI in the US is four times larger than the combined investment by the Asia-Pacific region in the US.
Importance of Texas and EU commercial relationship. Texas is one of the largest, strongest and most rapidly growing economies in the United States, it would be the 14th largest economy in the world by GDP with more than 1,300 major foreign companies continued their active operations in Texas in 2012. Between 2008-2012, more than 430 non-U.S. companies announced over 500 separate business expansions in Texas. These projects created an estimated 46,000 jobs and $38 billion in capital investment and export into EU over $25 billion a year.
Thank you for your support and for being part of this amazing and powerful network.
Op-ed by EU Ambassador Vale de Almeida – Published EU Delegation Website and Huffington Post
Negotiators from the European Union and United States are taking a well-deserved break after wrapping up the latest round of our Transatlantic Trade and Investment Partnership (TTIP) talks in Washington today.
We have been engaging our American counterparts on everything from tariffs on chocolate to car safety standards in talks this week. And we have been hard at work ever since President Barack Obama announced the launch of our talks in his State of the Union address earlier this year, noting that “trade that is fair and free across the Atlantic supports millions of good-paying American jobs.”
Following this third round, it is clear that we remain on track to deliver an ambitious trade and investment deal that should boost our economies, deliver growth and more importantly, jobs, for both Europeans and Americans. As we enter into 2014, we will take stock of our accomplishments thus far and develop plans to move this negotiation even further.
The thinking behind TTIP is very simple. The U.S.-EU economic relationship is already the world’s largest, accounting for one third of total goods and services trade and nearly half of global economic output. By getting rid of tariffs and useless red tape, removing roadblocks currently hampering trade and investment and aligning product standards and regulations at a high level, we will in essence create a robust transatlantic marketplace of 800 million consumers.
TTIP will give our economies a much-needed shot in the arm. Conservative estimates predict that a TTIP agreement will lead to close to a million new American jobs, and boost the U.S. economy by more than $100 billion per year — that’s equivalent to an extra $900 in the pocket of each American household annually. Estimates also show that the world’s economy stands to gain with a successful TTIP through a spike in global trade.
TTIP would be a trade deal among equals and the world would take note. We are democratic societies that believe in the power of free, open markets, but also firm defenders of the rule of law, the protection of intellectual property and meaningful health and environmental standards.
With the recent WTO deal reached in Bali we are finally seeing some momentum for global trade. A successful TTIP negotiation would keep this momentum going — the end result being more open markets around the world. And ultimately, it will lead to our joint goal of a stable, prosperous, rules-based international economic order.
Our negotiators return to the table in 2014 after their brief break and so will Congress. We look to our legislators on both sides of the Atlantic for their continued support and involvement. TTIP stands to be the biggest trade deal of all time with the biggest potential gains. We don’t want this to go down in history as the biggest trade deal of all time that never was. Decisive support from the U.S. Congress — as much as the support we are seeking from our own European Parliament — is an indispensable condition for success.
There are simply too many jobs on the line for this to fail. Moving TTIP successfully forward should be on the top of our 2014 to-do list.