Tabd.com

Title

TransAtlantic Business Dialogue

Description

How it started

Originally the idea of the late U.S. Secretary of Commerce Ron Brown, the TransAtlantic Business Dialogue (TABD) was conceived to promote closer commercial ties between the U.S. and European Union. Brown, together with his counterparts in the European Commission, Martin Bangemann and Sir Leon Brittan, created the ìdialogueî system as a mechanism to encourage public and civil society input to fostering a more closely integrated transatlantic marketplace. The dialogue system, which includes separate dialogues for consumers, labor, environment and business, was a key part of the governments' 1995 New Transatlantic Agenda (NTA), which laid out a plan to enhance overall transatlantic economic and political relations.

The TABDís objective

The TABDís goal is to help establish a Barrier-Free Transatlantic Market which will serve as a catalyst for global trade liberalisation and prosperity. Unified markets are needed to create a business environment which will stimulate innovation and economic growth, more investment and create new jobs.

Who is involved?

The TABD is chaired by a US and European CEO for a period of two years. The current chairmen are Charles Prince, Chairman and Chief Executive Officer of Citigroup, and Martin Broughton, the Chairman of British Airways. A group of 30 CEOs from companies selected to ensure a balance of sectors and regions serve on the TABDís "Executive Boardî and determine the direction and issue focus of the process. TABD members are leading companies, large and small, with strong transatlantic credentials. They are represented either by Chief Executive Officer and/or Chairman of the company in question, who are able to speak for their company and to commit that company fully to the TABDís main objectives and activities. The TABD is convened by the US Administration and the European Commission, and it is this mandate that allows the TABD to exist. On the US side, the Commerce Department is the TABDís liaison to the other departments and agencies. The TABD also works very closely with the US Trade Representativeís office, the State Department, the Department of Treasury, and the Department of Homeland Security. On the EU side, the mandate comes from the European Commissioners for Enterprise and Trade, and the Presidency of the European Council, which will be held in 2006 by Austria (January-June) and Finland (July-December).

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Contact

TABD
Washington DC
US 20006
1800

Additional Information

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