Arab Today, arab today eu us resume trade talks despite spy scandal
Last Updated : GMT 00:00:20
Arab Today, arab today
Arab Today, arab today

Steady flow of charges sparked bitter recriminations

EU, US resume trade talks despite spy scandal

Arab Today, arab today

Arab Today, arab today EU, US resume trade talks despite spy scandal

 Chief US negotiator Dan Mullaney (L) with EU negotiator Ignacio Garcia-Bercero
Washington - Arab Today

 Chief US negotiator Dan Mullaney (L) with EU negotiator Ignacio Garcia-Bercero The EU and United States resume talks Monday on the world's largest free-trade accord aiming to make progress despite damaging revelations of US spying on its allies. This second round of negotiations on the Transatlantic Trade and Investment Partnership (TTIP) was meant to have been held in October, but due to the US government shutdown had to be postponed just as the spy scandal worsened.
Since then the steady flow of charges has sparked bitter recriminations and demands in some EU quarters that the TTIP talks be halted altogether.
An EU official close to the talks conceded "there may be issues of trust" involved, but stressed that Europe would not compromise its personal data protection standards even as it must discuss the wider issue of information transfer.
"The transfer of data ... is a key component of a modern economy," the official said, but as far as personal data is involved, it can "only be done so in compliance with (EU) legislation on data privacy".
Personal data protection is a hugely sensitive issue in Europe given its history of brutal dictatorship of the left and right, and there have been longstanding concerns that giant US tech companies see it as more of a commercial commodity than a sacrosanct human right.
US Secretary of State John Kerry earlier this week urged European leaders not to allow the row to disrupt the TTIP talks which would create "one of the most powerful economic forces on the planet".
A third round of talks is scheduled for December 16-20 in Washington as both sides aim for a final accord by late 2014 which would cover some 40 percent of global economic output and 50 percent of trade.
The EU estimates a deal would bring annual benefits of 119 billion euros for the bloc's 28 member states and 500 million people, and only slightly less for the United States.
As important, however, is that it sets the standards for global trade as years of liberalisation talks in the World Trade Organization look destined to run into the sands.
Both Brussels and Washington have engaged in a whole series of bilateral free trade deals given the WTO impasse and last month US neighbour Canada and the EU reached a deal hailed as helping pave the way to the TTIP.
Next week's talks cover services, investment, energy and raw materials but the key objective is how to harmonise regulatory regimes so as to reduce barriers to trade.
The auto sector is a prime example where standards in such areas as safety and performance could be matched up, the EU official said, noting that regulatory differences can add 20 percent to the cost of a car, much more than current tariffs do.
The aim is not a 'one-size fits all' system, said the official who asked not to be named, but rather to get each side to recognise the other's regulations where possible.
That would mean for example that an EU company could comply with EU rules knowing that US authorities would accept them as valid for their home market too.
EU chief negotiator Ignacio Garcia Bercero and his US counterpart Dan Mullaney are due to give a press briefing on the talks next Friday.
Source: AFP

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 us resume trade talks despite spy scandal Arab Today, arab today eu us resume trade talks despite spy scandal

 



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 us resume trade talks despite spy scandal Arab Today, arab today eu us resume trade talks despite spy scandal

 



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 O'Leary: Could ground more planes

GMT 06:49 2017 Friday ,22 September

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