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.