The Future of Transatlantic Trade
David O’Sullivan, Ambassador of the European Union to the United States of America, joined the British American Business Council in Wilmington, Delaware for a special briefing. Ambassador O’Sullivan spoke about current economic, political and social developments within the European Union as well as the Transatlantic Trade & Investment Partnership (TTIP) – the world’s largest free trade agreement. Nine organizations including the Eurasian, French, German, Irish, Italian, and Swedish American Chambers of Commerce, in addition to the New Castle County Chamber of Commerce, Select Greater Philadelphia, and the World Trade Center Delaware joined the BABC for this important discussion. More than 125 attendees representing a diverse group of industry sectors learned about pressing global matters the European Union is currently focused on and how these issues will influence EU/US trading standards and practices. Making a special guest appearance toward the end of the evening was Governor Jack Markell, who welcomed the Ambassador to the State, and remarked on Delaware’s important role in global commerce.

The iconic venue – the Atrium of Hercules Plaza – owned and managed by Paul McConnell and Scott Johnson of McConnell Johnson Real Estate LLC, allowed guests to make valuable business connections and hear an informative speech presented by the EU Ambassador.

It cannot go without mention – Ambassador O’Sullivan is a huge fan of TTIP. His positive outlook is based upon years of economic theory, education and experience. An agreement of this magnitude will grow economies and help break down some of the tariffs and other regulatory environment barriers. Negotiators are making good progress as TTIP enters a twelfth round of negotiations. According to Ambassador O’Sullivan, “this February marks the end of the middle game. We are hoping to get to the end game and finish negotiations before the conclusion of the current US Administration.” The US Presidential elections and their outcome will have an impact on the entire world; the migration challenge, and how we are dealing with it, particularly across Europe; the UK’s discussion of a potential ‘Brexit;’ and climate change that is altering the global geopolitical map, will all impact trade between the EU and the US.

Rhett Workman, BABC President, was the master of ceremonies. He welcomed and introduced Ambassador O’Sullivan who assumed his current post in November 2014. Prior to arriving in the United States, David O’Sullivan served as the Chief Operating Officer of the European External Action Service (EEAS). The EEAS supports the High Representative/Vice President of the European Commission, in fulfilling her mandate to ensure the consistency of the Union’s external action. The EEAS also assists the President of the European Council and the President of the European Commission in the area of external relations.
64 photos · 94 views