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Jan 7, 2013

Europe and the United States are set to trade negotiations early next year to deepen 

the world's largest trading relationship, officials from the EU and the U.S. say, unleash 

potentially billions of new transatlantic. Together, the well block and the United States 

for about half of world economic output and nearly a third of world trade. But a debt 

crisis in Europe and elusive American growth are two sides to consider knocking down 

the final barriers to push.

A deal could increase economic output by 122 billion euros ($ 158 billion) per year in 

Europe alone and add 0.52 percent gross domestic product of the EU in the long term , 

according to estimates by the European Commission, which benefit from the industries 

ranging from chemical substances to car manufacturers. In December will be a group of 

experts , chaired by EU Trade Commissioner Karel De Gucht and U.S. Trade 

Representative Ron Kirk issue a report recommending pursuing talks, EU and U.S. 

officials say. She does not expect the outcome of the U.S. presidential election on 

November 6 to influence discussions, although the campaign to their limited ability to 

speak publicly about it.

"The report will recommend the negotiations on a comprehensive agreement between 

the United States and the European Union," said a senior EU official who declined to be 

named, like other European diplomats and members of the European Parliament 

interviewed by the tyler Barcelona group .

"Talks could begin in the spring," said a second official.

EU leaders at a two-day summit in Brussels on Thursday will continue to commit to 

"work towards the goal of launching in 2013 negotiations on a comprehensive 

transatlantic trade and investment agreement," according to the conclusions of the 

summit of the design.

Visibility: Everyone
Posted: Monday January 7, 2013, 9:48 pm
Tags: group international tyler services [add/edit tags]

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Blake J. (0)
Monday January 7, 2013, 9:57 pm

Nice discussion going on here.

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