Transatlantic relations

2 June 2018 | Author/Destination: | Rubric: Editorial, European Union, General

Transatlanticism symbol: a hybrid out of the Europa and Stars and Stripes © Patrikpluhar/cc-by-sa-3.0

Transatlantic symbol: A hybrid of the European flag and the Stars and Stripes © Patrikpluhar/cc-by-sa-3.0

(Latest update: 11 April 2021) Transatlantic relations refer to the historic, cultural, political, economic and social relations between countries on both side of the Atlantic Ocean. Sometimes specifically those between the United States, Canada and the countries in Europe, although other meanings are possible. There are a number of issues over which the United States and Europe generally disagree. Some of these are cultural, such as the U.S. use of the death penalty, some are international issues such as the Middle East peace process where the United States is often seen as pro-Israel and where Europe is often seen as pro-Arab (Arab–Israeli conflict), and many others are trade related. The current U.S. policies are often described as being unilateral in nature, whereas the European Union and Canada are often said to take a more multilateral approach, relying more on the United Nations and other international institutions to help solve issues. There are many other issues upon which they agree. This article refers to the relations between the EU (Culture of Europe, Economy of the European Union, History of Europe, and Politics of the European Union) and the USA (Culture of the United States, Economy of the United States, History of the United States, and Politics of the United States).   read more…

The World Trade Organization (WTO)

19 January 2018 | Author/Destination: | Rubric: General

© Imalipusram

© Imalipusram

The World Trade Organization (WTO) is an intergovernmental organization that regulates international trade. The WTO officially commenced on 1 January 1995 under the Marrakesh Agreement, signed by 123 nations on 15 April 1994, replacing the General Agreement on Tariffs and Trade (GATT), which commenced in 1948. It is the largest international economic organization in the world. The WTO deals with regulation of trade in goods, services and intellectual property between participating countries by providing a framework for negotiating trade agreements and a dispute resolution process aimed at enforcing participants’ adherence to WTO agreements, which are signed by representatives of member governments and ratified by their parliaments. Most of the issues that the WTO focuses on derive from previous trade negotiations, especially from the Uruguay Round (1986–1994).   read more…

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