Clive Crook, Columnist

U.S.-EU Trade Deal Is Good for Jobs and Prosperity

March 25, 2013 at 3:53 PM UTC

Clive Crook is a Bloomberg Opinion columnist and member of the editorial board covering economics. Previously, he was deputy editor of the Economist and chief Washington commentator for the Financial Times.

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Two years ago, Volkswagen AG opened a $1 billion manufacturing facility in Chattanooga, Tennessee, that employs 3,300 Americans and makes 150,000 cars a year for the U.S. market and for export to Canada, Mexico and South Korea.

This investment has been transformative, creating jobs and growth not only in Tennessee but also throughout the region. It’s an experience we can repeat throughout the country if we tear down obstacles to foreign investment and trade.