Introduction
Trade between the Unites States and member countries of the European Union constitutes a greater percentage of international and global trades. Both actors are major players in the international scene. EU is the major and largest trade partners of the United States. It is estimated that the volume of trade between the US and EU in 2012 amounted to 800 billion Euros (Baetz, 2013). International trade has continued to grow with the liberalization of economies from the Eastern European bloc; which hitherto practiced core communist trade system with high intervention on means of production and trade by government. For ...
