By Philip Blenkinsop and Ethan Bilby – “These negotiations will set a standard, not only for our future bilateral trade and investment, including regulatory issues, but also for the development of global trade rules,” European Commission President Jose Manuel Barroso told a news conference.
EU Trade Commissioner Karel De Gucht has warned that the talks will be tough, with no “low-hanging fruit”. Import tariffs between the two are already low – at an average of 4 percent.
Negotiations will focus on harmonizing standards, from car seat belts to household cleaning products, and regulations governing services. more> http://tinyurl.com/ap83kcd