Albuquerque Journal (Albuquerque, NM)

A look at the world trade picture in 2001.

Byline: Business Across the Border JERRY PACHECO For the Journal

While the U.S. presidential race dominated public attention for five weeks after the Nov. 7 election, it was easy to forget that the rest of the world is still out there.

As we come to the close of yet another year, let's highlight the international trade picture for 2001:

European Union

The 15 members of the European Union (EU) continue to increase their economic and political integration. Two issues dominate EU activities.

One concern centers on the lackluster performance of the euro on the world currency markets. Since its debut on Jan. 1, 1999, the euro has lost almost 30 percent of its value against the U.S. dollar.

Initially, 11 EU members adopted this currency, which will continue to play a major role in U.S. EU trade in the coming year. Greece recently announced that it will become the 12th member of this monetary union.

A depreciated euro against the dollar means that U. …

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