IE School of International Relations hosts the event “Transtlantic Relations : Overview and Perspectives” by Tomás Abadía, CEO, IADIC International, Strategic Consulting Company in the field of Development, Investment and Commerce
In an interesting seminar, Tomas Abadía, CEO of IADIC International , shared with the MIR class his assessment of current EU-US transatlantic relations. He touched upon the key issues that define the relations between the two largest economies in the world today: political, economic, and security. Indeed the US and the EU share a common commitment to democracy, peace, prosperity, and stability post World War II. In addition, they represent the world’s largest trading bloc with trade worth more than $2 bn a day. Together they represent 80% of funding for development assistance worldwide and 70% of funding for the UN peacekeeping forces. However, the recent NSA surveillance scandal has brought tension between key allies. According to Mr. Abadia, this scandal should not undermine an otherwise solid relationship. Indeed, the Transatlantic Trade and Investment Partnership that is currently being negotiated should not be jeopardized by current tensions. This agreement if signed could represent combined gains for Europe and the US of more than 300bn euros a year. For Mr. Abadia, the EU-US strategic partnership is more relevant than ever and the two blocs should strengthen their shared values and interests in the world.
Students had many questions for Mr. Abadia, including questions on the reform on the UN Security Council, IMF, World Bank and other international institutions; on growing anti-Americanism in the world, and on the new balance of power in strategic regions such as Asia Pacific. Mr. Abadia agreed that the UN, IMF and World Bank should be reformed, democratized and made more transparent to reflect the new international order. He deplored increasing anti-Amercanism in the world and suggested that the US and EU further join efforts in foreign policy initiatives, especially in the Asia Pacific, home to half of the world’s inhabitants.