1、 https:/crsreports.congress.gov Updated January 19, 2021U.S.-EU Trade and Investment Ties: Magnitude and ScopeThe United States and the current 27-member European Union (EU) have extensive trade and investment ties that have evolved and deepened with the growth of global supply chains, trade in serv
2、ices, and cross-border investment. They are a dominant economic force globally; in 2019, they jointly accounted for 26% of world merchandise exports and 30% of merchandise imports; 39% of world commercial services exports and 33% of commercial services imports; and more than half of global outbound
3、and inbound foreign direct investment (FDI). (Trade data from World Trade Organization, extra-EU trade; FDI data from U.N. Conference on Trade and Development.) Members of Congress have an interest in examining U.S.-EU trade and investment ties, given their magnitude, scope, and implications for U.S
4、. trade policy. EU Economy Following Brexitthe UKs withdrawal from the EU on January 31, 2020the EU consists of 27 member states that are integrated economically. The EUs largest economies are Germany (25% of GDP of EU27, see text box), France (17%), Italy (13%), and Spain (9%) (see Figure 1). The U
