1、 https:/crsreports.congress.gov Updated December 23, 2020U.S.-EU Trade Agreement Negotiations: Issues and ProspectsThe United States and the 27-member European Union (EU) share a large, highly integrated trade and investment relationship. The EU accounts for a significant share of U.S. trade (see Fi
2、gure 1).Yet, tariffs and nontariff barriers (NTBs) to U.S.-EU trade and investment exist. Successive Administrations have sought to address these barriers and expand ties. If U.S.-EU trade talks take place under a Biden Administration, Congress likely would actively monitor and shape them, and could
3、 consider implementing legislation for a potential final free trade agreement (FTA). Figure 1. U.S. Trade with the EU27, 2019 Source: U.S. Bureau of Economic Analysis (BEA); U.S. Department of Agriculture (USDA) Global Agricultural Trade System (GATS). Notes: Although the United Kingdom (UK) was sti
4、ll a member of the EU in 2019, this figure does not include UK trade data in light of the UKs departure from the EU in January 2020. Agriculture and related products data are included in goods trade, but U.S. government trade data for agricultural and related products is calculated distinctly for va
