AMCHAM Event Highlights Strong Transatlantic Trade & Investment Relationship chronicle.lu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chronicle.lu Daily Mail and Mail on Sunday newspapers.
US-Europe trade in goods reached an all-time high of $1.2 trillion in 2022, as per a report by US Chamber of Commerce. The report also highlighted the key drivers of the transatlantic.
WASHINGTON, D.C. AND BRUSSELS – A new report from the American Chamber of Commerce to the EU (AmCham EU) and the U.S. Chamber of Commerce highlights that the key drivers of the transatlantic economy – investment, trade and company income – posted strong results again in 2022. Despite the war in Ukraine, supply chain disruptions, dramatic energy shifts, high inflation and tightening financial conditions, last year was record-breaking across a range of indicators:U.S.-Europe trade in goods reached an all-time high of $1.2 trillion (€1.12 trillion.)U.S. company affiliates in Europe earned an estimated $325 billion (€303 billion), while European affiliates in the US earned $150 billion (€140 billion), the second highest level ever.U.S. exports of liquefied natural gas (LNG) to Europe hit their highest levels ever. U.S. exporters shipped roughly 2.5 times more LNG supplies to Europe in 2022 than in 2021.The report also outlines avenues to advance the EU-U.S. partners