Trade With The European Union:
Recent Trends and Electronic Commerce Issues
T-NSIAD-00-46: Published: Oct 13, 1999. Publicly Released: Oct 13, 1999.
- Full Report:
Pursuant to a congressional request, GAO discussed U.S. trade with the European Union (EU), focusing on: (1) the size and composition of U.S.-EU trade and investment flows from 1992 through 1998; and (2) U.S.-EU efforts to facilitate electronic commerce (e-commerce).
GAO noted that: (1) the sizeable and growing U.S.-EU trade relationship is dominated by flows of sophisticated manufactured goods and services and extensive cross-Atlantic investment; (2) e-commerce has tremendous potential for facilitating U.S.-EU trade, but it also raises numerous issues, including consumer protection and market access; and (3) the United States and EU are attempting to lower these potential barriers to e-commerce through the framework of the World Trade Organization and other forums.