"President Bush signed an agreement creating a 'permanent body' that commits the U.S. to 'deeper transatlantic economic integration,' without ratification by the Senate as a treaty or passage by Congress as a law.
The 'Transatlantic Economic Integration' between the U.S. and the European Union was signed April 30 at the White House by Bush, German Chancellor Angela Merkel – the current president of the European Council – and European Commission President José Manuel Barroso.
The document acknowledges 'the transatlantic economy remains at the forefront of globalization' arguing that the U.S. and the European Union 'seek to strengthen transatlantic economic integration.'
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