Evaluation of the EU-US Agreement on S&T

There is a long track record of political, economic and also, research and innovation cooperation activities between the European Union (EU) (and previously by the European Community) and the United States of America (US). This in turn is complemented by very intense relationships with some Member States (MS), also supported by cultural and economic links. According to the interim report (June 2012) of the EU-US High Level Working Group on Jobs and Growth "Transatlantic trade and investment constitute the largest economic relationship in the world." This translates1 into more than €1.8 billion of goods and services traded every day between the European Union and the United States with 13,8 % of total EU trade being done with the US (2011), and 17,8 % of total US trade being done with the EU (2010).

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