EU, U.S. fire starting gun for free trade talks

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>


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