Transatlantic Common Market by 2015

Last February, the Transatlantic Policy Network formed a Transatlantic Market Implementation Group to put in place "a roadmap and framework" to direct the activity of the Transatlantic Economic Council to achieve the creation of the Transatlantic Common Market by 2015.

The Transatlantic Economic Council is an official international governmental body established by executive fiat in the U.S. and the EU without congressional approval or oversight. No new law or treaty was sought by the Bush administration to approve or implement the plan to create a Transatlantic Common Market.

The U.S. congressmen and senators are involved only indirectly, as advisers to the influential non-governmental organization.

In a February 2007 document entitled "Completing the Transatlantic Market," the TPN's Transatlantic Market Implementation Group writes, "The aim of this roadmap and framework would be to remove barriers to trade and investment across the Atlantic and to reduce regulatory compliance costs."

The document further acknowledged the impact the Transatlantic Common Market agenda would have on U.S. and European legislators: "The roadmap and framework will necessarily oblige legislative and regulatory authorities in both Europe and the United States to take into consideration from the outset the impact their acts may have on transatlantic economic relations and to ensure that their respective governmental bodies involved have the necessary budgetary and organizational resources to work closely with each other."

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