Arab Today, arab today eu reaches terms with france on us free trade talks
Last Updated : GMT 20:05:56
Arab Today, arab today
Arab Today, arab today

European official describes accord as balanced

EU reaches terms with France on US free trade talks

Arab Today, arab today

Arab Today, arab today EU reaches terms with France on US free trade talks

French Trade Minister Nicole Bricq
Luxembourg - Arab Today

French Trade Minister Nicole Bricq EU states sought to reassure France on Friday that its culture would be shielded from the might of Hollywood and Silicon Valley , urging Paris not to block a free-trade deal with the United States that could boost transatlantic business.
Paris has refused to join the 26 other EU governments that want talks to start in July, unless television, movies and developing online media are left out of a deal.
EU trade ministers meeting in Luxembourg tried to resolve the issue at a closed-door session on Friday, but officials told Reuters that France stuck to its position in initial exchanges. The bloc needs French agreement not just because it is Europe’s second largest economy but because under EU rules, trade deals touching on cultural issues need unanimous support.
“I would say the chances for an agreement are 50-50,” said Alexander Stubb, Finland’s minister for Europe and foreign trade, as he went into the meeting. “There is nothing that threatens the French or the European film industry and I shall certainly continue to watch all of my beloved French movies even after this free trade negotiation,” he told reporters.
French Trade Minister Nicole Bricq told fellow ministers that France rejected outright any mandate that did not clearly exclude the audiovisual sector.
She said the United States already had a 60 percent share of European cinema screens but Europe’s share in America was between 3 to 6 percent. “Who is open and who is closed?” she said, according to a copy of her speech circulated by diplomats.
Free-trade advocates such as Germany and Britain say it is vital to push ahead with what would be the world’s biggest trade agreement, because of the economic benefits it would bring, especially when much of western Europe is in recession.
They also fear excluding an industry from the talks would prompt a similar U.S. opt-out, such as to protect its closed shipping sector, a concern for Denmark and Greece with their large shipping industries.
“In the maritime area, the agreement would make it easier for Danish shippers to sail into the USA. That is a vital element,” said Danish Trade Minister Pia Olsen Dyhr.
Convincing France
Together the United States and European Union account for half of global economic output and a third of all trade.
A trade deal, called the Transatlantic Trade and Investment Partnership (TTIP), could boost the EU economy by 119 billion euros ($159 billion) per year, and the U.S. economy by 95 billion euros, according to an EU-commissioned study.
The European Commission, which negotiates the bloc’s trade deals, is ready to give member states a much greater say on cultural issues in the talks with Washington.
Richard Bruton, the Irish minister chairing Friday’s meeting, said the latest proposal guaranteed EU members’ rights to maintain existing quotas and subsidies and allowed the EU to pass future legislation on Internet and digital services.
In addition, EU trade chief Karel De Gucht would have to consult EU governments before negotiating any aspect of access to European movie, television and online entertainment markets.
If France agrees to the compromise proposal, European leaders and U.S. President Barack Obama plan to use a summit of the Group of Eight countries next week to launch talks.
The United States already sells the European Union far more music, movies, radio and television programmes than it buys from Europe. Its net surplus for the sector averaged 1.5 billion euros ($2 billion) a year from 2004 to 2011.
France fears this imbalance will only increase under a trade deal as digital and Internet services - already dominated by U.S. technology companies - become ever more popular.
EU and U.S. negotiators aim to finish their work by the end of next year.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu reaches terms with france on us free trade talks Arab Today, arab today eu reaches terms with france on us free trade talks

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu reaches terms with france on us free trade talks Arab Today, arab today eu reaches terms with france on us free trade talks

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Ryanair's O'Leary: Could ground more planes

GMT 06:49 2017 Friday ,22 September

Ryanair's O'Leary: Could ground more planes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Huthis stage defiant rally 3 years

GMT 05:29 2017 Friday ,22 September

Huthis stage defiant rally 3 years
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Youssra prepares for launching her  program

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:03 2017 Thursday ,21 September

Alarm over flesh-eating ulcer cases

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday