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These differences led to US filing suit against EU in the WTO over banana exports. (Guay, p. 94)
In their future quest to tackle the global trade deadlock, international crime and terrorism and to promote world prosperity and peace will these two "economic giants" become closer partners or rather isolated competitors?
Many sources indicate that future partnership will be indispensable. The EU and the US common economic, political and security interests indicate that future pooling of resources and efforts will be strengthened and broadened. After the recent EU-US summit the strengthening of economic transatlantic relation was in the interests on both sides, declared the US and EU leaders: "on both sides of the Atlantic to engage in a vigorous discussion of concrete ideas on how to further transatlantic economic integration to the fullest,?and better realize the competitive potential of our economies and enterprises"...
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