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Abstract

Thank you. I certainly don’t want to interfere in the American debate about labeling, since I have already enough problems with European consumers, but what I would like to do today is not only to talk about our legislation a bit, because it’s so detailed and complex, but also to talk about the European/ American trade relations, in particular as it relates to biotechnology. First of all, I would like to say there is a strong trans-Atlantic relationship as far as trade is concerned between the EU and the U.S. We have to realize that we have a trade level of around one billion dollars a day between us, without even talking about investments. If you add investments, we’ll go up to one trillion dollars a year. Disputes, because we have sometimes disputes and as it happens sometimes also in the families, represent only two or three percent of the total business we have together.

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