US-EU Trade: The Next Frontier (6/99)
Those who thought the French government blocked the European Commission’s crusade for the New Transatlantic Marketplace (NTM) last spring were surprised when the results of the European Union-United States Summit were announced. At their press conference in May, US President Clinton, Commission President Santer, and UK Prime Minister Blair revealed the birth of a creature called the New Transatlantic Economic Partnership (NTEP). As Clinton put it, using this comprehensive trade initiative, the EU and US "will work to dismantle trade barriers, both bilateral and multilateral … in about a dozen areas in all."