February 13, 2013

THE ONLY SIGNIFICANT THING HE SAID:

Obama injects optimism into trade deal (James Politi and Richard McGregor, 2/13/13, Financial Times)

"Tonight, I am announcing that we will launch talks on a comprehensive Transatlantic Trade and Investment Partnership with the European Union - because trade that is free and fair across the Atlantic supports millions of good-paying American jobs," Mr Obama said.

The US and the EU already have a huge trade relationship, worth $2.7bn per day in goods and services, but since November 2011 they have been exploring the potential for deepening their ties further amid rising global competition, particularly from China.

The main focus of a trade agreement between the US and EU would be to harmonise standards and tackle the non-tariff barriers that have frequently caused disputes across the Atlantic.

Posted by at February 13, 2013 9:42 PM
  
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