"The United States and the EU have an extensive and dynamic political partnership and share a large, mutually beneficial trade and investment relationship. The global financial crisis has challenged both sides to forge a common response. The United States and the EU have a number of lingering trade disputes, but have led the push to liberalize world trade, and have sought to reduce non-tariff and regulatory barriers in the transatlantic marketplace. This report provides a brief overview of these issues, many of which may be of interest to the 112th Congress. For more information, also see CRS Report RS21618, 'The European Union's Reform Process: The Lisbon Treaty', by Kristin Archick and Derek E. Mix; CRS Report R41088, 'The European Union: Leadership Changes Resulting from the Lisbon Treaty'; by Derek E. Mix, and CRS Report RS21998, 'The European Parliament', by Kristin Archick and Derek E. Mix."
CRS Report for Congress, RS21372