The United States is still Europe's most important trade partner. Europe should regulate trade with the transatlantic relationship in mind despite US disengagement, writes Heidi Obermeyer.
The 70-year Transatlantic alliance between the United States and the Europe was formed around common values and norms that demanded commitment not just to democracy, the rule of law and human rights, but also to the values of a liberal economy that supported free, fair and open rule-based trade
Waiting in the wings, and still being negotiated largely in secret is the Transatlantic Trade and Investment Partnership (TTIP). The agreement, between the U.S. and the 28-nation European Union, has been formally discussed through 12 rounds of negotiations, with another round scheduled for some time this month. Both sides would like to conclude this treaty by the end of 2016.