United States and the European Union: Building on Our Economic and Strategic Partnership [open pdf - 608KB]
"The United States and the European Union (EU) share fundamental values of freedom, democracy, human rights, and respect for law. We work together to advance energy security, address global climate change, and promote economic development. We cooperate on counterterrorism and security issues. A robust transatlantic economy undergirds our ability to address global challenges and to promote global development and prosperity. In his 2013 State of the Union Address, President Barack Obama announced his intention for the United States to negotiate a Transatlantic Trade and Investment Partnership [TTIP] with the EU. TTIP is a bold vision based on many potential areas of shared opportunity, and has the potential to become an historic agreement. It would be different from any trade agreement the United States has ever negotiated. TTIP will seek to break new ground by addressing bilateral non-tariff barriers and support high quality norms and practices in the global economic system. TTIP also is an opportunity to reaffirm and reinforce the strong economic, political, and social values the United States shares with Europe."
United States. Department of State: http://www.state.gov/