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Because of his legal expertise, Jonathan sits on
several of the European Parliament's committees and delegations.
The most important of these are the Economic
and Monetary Affairs Committee (EMAC), the Transatlantic
Legislators' Dialogue (TLD) – of which he is Co-Chairman
– and the delegation for relations with the US Congress.
The financial services industry, pensions, the European
central bank, competition policy, and most contentiously,
the single currency, or Euro, are all dealt with by this committee.
Jonathan wrote a report on ways to reform and reorganise
the Structural Funds Programme, one of the
biggest expenditures of the EU, and particularly important
to Wales, which has qualified for some £1.2 billion
of this aid under Objective 1.
He wrote a report into the European Commission’s plans
to reform competition policy. This is an area that Jonathan
has been particularly involved with, as a former UK Competitions
Minister at the DTI.
As Co-Chairman of the TLD, Jonathan is charged with
fostering stronger parliamentary links between the EU and
the United States.
The United States – European Union relationship is
a pivotal one. Together the EU and the US account for about
40% of world trade and investment and the total annual bilateral
trade and investment is valued at $1.4 trillion or 1.3 trillion
€. The US was amongst the first to recognise the European
Economic Community, as the EU was known then, in 1961.
Bilateral relations transcend economic boundaries by far
and their development is crucial to facing the challenges
of the 21st century at a global level. The origins of interparliamentary
relations between the European Parliament and the United States
Congress date back to 1972 when a US
Congress delegation for the first time visited
the European Parliament in Brussels and Luxembourg.
The TLD aims to strengthen the level of political discussion
between European and American legislators and includes bi-annual
meetings of the European Parliament and the US Congress delegations
and a series of teleconferences on topics of mutual concern.
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