February 17, 2013

A DEAL BETWEEN JUST THE ANGLOSPHERE AND PROTESTANT EUROPE WOULD BE PERFECTLY ACCEPTABLE:

Germany wants comprehensive EU-U.S. free trade deal: minister (Reuters, Feb 17, 2013)

German Economy Minister Philipp Roesler wants the European Union and the United States to reach a comprehensive transatlantic free trade agreement rather than settle for the limited deal some southern EU nations favor.

Roesler told Der Spiegel magazine on Sunday he and the German government want a sweeping free trade deal, while France and southern EU nations, by contrast, want to protect their agriculture industry with regulations and also keep out genetically modified U.S. foodstuffs, the magazine said.

Roesler has backing from a study by the Ifo economic institute think tank that said the advantages of the free trade zone would be larger with a comprehensive deal. [...]

The Ifo study, carried out for the Economy Ministry, found that per capita gross domestic product (GDP) would rise by 0.1 percent in the EU and 0.2 percent in the United States with the free trade deal if only customs barriers were abolished.

But more could be expected if the governments introduced common technical standards, safety standards and competition rules, Ifo said.

Posted by at February 17, 2013 10:11 AM
  

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