13 February 2013, Brussels and Washington
The European Union and the United States announced that negotiations for a Transatlantic Trade and Investment Partnership between the E.U and the U.S. would begin in the near future.
For further details please check the following links:
- EU Press Release
- The White House (Office of the Press Secretary)
- Tax News
International Economic Affairs & Relations / Regional & International Organizations / Global Commerce & Business
Trade News in Brief
EU and US to Start Negations for a Transatlantic Trade and Investment Partnership
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#1 by BuriteSaidSo on February 14, 2013 - 1:42 PM
Reblogged this on Burite said so. and commented:
If talks are successful, this will be the largest free-trade deal in world history.
#2 by Bogdan Marius Beleuz on February 15, 2013 - 10:40 AM
I hope so! It will be an success for both and for the whole world.
#3 by obsfo on February 14, 2013 - 3:25 PM
If the EU and the U.S. adopt common rules, they will be setting the standard for the whole world. With such a huge chunk of the global economy conforming to one standard, it would be hard for the rest of the world not to follow. If Europe gains the upper hand in its negotiations with the U.S., it will be setting the standard for the world.
However, a successful agreement is not a forgone conclusion. Harmonizing regulation means a great deal of painstaking negotiation, while entrenched lobby groups of farmers, lawyers and businesses try to bend the rules in their favour.
Even if the two blocs fail, this renewed push toward a free trade deal demonstrates a subtle change in course in America’s foreign policy. It is investing more of its hope and trust in Europe.
Both U.S. Vice President Joseph Biden and Nato Secretary General Anders Fogh Rasmussen have called for European nations to improve their armed forces and play a more active role in the world – to take the burden off America.
America is looking to Europe to solve its military problems. And now it’s looking to Europe to solve its economic problems too.
America can see its global power failing:
Its solution: Look to Europe for help.
”Come into my web said the spider to the fly”
John
#4 by Bogdan Marius Beleuz on February 15, 2013 - 10:26 AM
Hi John,
Thank you for taking the time to see my blog and write a reply, I feel honored.
I hope that will be not spider in the middle.
Cheers,
Bogdan
#5 by obsfo on February 15, 2013 - 4:04 PM
Hi Bogdan,
TIME is changing everything – The future soon to become the present.
Have a good weekend
Regards
John
#6 by EugeneJunior on February 17, 2013 - 12:39 PM
Does this mean deregulation for the US? Such ‘talks’ have been opened before, and not come to anything. I’m afraid it will be like the EU-US Open Skies Agreement, where America receives the right to operate in Europe, and Europe is left without; where America installs itself in other countries, and is hostilely insular with regard to its own.
#7 by Bogdan Marius Beleuz on February 19, 2013 - 1:37 PM
Hi Eugene,
Let’s wait and see what will happen. I’m optimistic.