ABSTRACT

A second conclusion was that the intensity of transactions and interactions in the transatlantic marketplace could not be taken for granted. In order to reap the full benefits of these transactions, they had to be underpinned by political commitments and by a large array of rules - both bilateral and multilateral. Otherwise stated, besides the transatlantic marketplace of trade transactions and investment - the one that already exists for a long time - there was a need for a transatlantic Marketplace - with a capital ‘m’ - built on trade agreements and rules. The search for such a marketplace started quite quickly after the fall of the Berlin Wall and is - to a certain extent - still going on.