Arab Today, arab today atlantic freetrade talks advance with 2016 deal eyed
Last Updated : GMT 16:35:27
Arab Today, arab today
Arab Today, arab today

Atlantic free-trade talks advance with 2016 deal eyed

Arab Today, arab today

Arab Today, arab today Atlantic free-trade talks advance with 2016 deal eyed

Ignacio Garcia Bercero (L)
Miami - AFP

Negotiators for a huge trans-Atlantic free trade pact said Friday they were aiming to conclude a deal next year, after making "substantial progress" this week at talks in in Miami.

Week-long discussions in the Florida city led by US negotiator Dan Mullaney and the European Union's Ignacio Garcia-Bercero advanced on the huge number of tariffs to be eliminated under the Transatlantic Trade and Investment Partnership, which if completed will be the world's largest free-trade area.

They also narrowed some differences on how to remove bureaucratic barriers to trade and investment and harmonize regulations, a sensitive issue amid worries especially in Europe that consumer protections will be watered down in any deal.

Garcia-Bercero told reporters that there was "strong political will" on both sides of the Atlantic to reaching a deal on TTIP relatively quickly, more than two years after negotiations opened.

The 11th round of negotiations "was about translating this political will into concrete steps forward. This round achieved exactly that," he told reporters.

Mullaney pointed out that the round came just weeks after the United States concluded a similarly ambitious trade and investment pact with 11 Pacific Rim nations including Japan, the Trans-Pacific Partnership.

"The conclusion of the TPP negotiations shows just how dedicated the Obama administration is to the goal of promoting shared prosperity by negotiating the reduction of trade and investment barriers around the world," he said.

"We believe that it is important to try to finish these negotiations during President Obama's presidency. To do that, we will need to use our time with maximum efficiency."

With President Barack Obama due to exit the White House in January 2017, the push leaves a tight time-frame to bridge a wide range of issues.

This week's talks brought the two closer on agreement on the elimination of all tariffs on 97 percent of goods traded between the United States and the EU's 28 countries.

"During this round we have made substantial progress on market access," Garcia-Bercero said.

The other three percent represent more sensitive goods, like farm products and genetically modified crops, that will likely only be dealt with in the final stages of the talks.

Even more delicate will be discussions on how health, food and data trade standards will be brought together.

In Europe especially, political resistance to TTIP has arisen due to perceptions that harmonizing standards would mean watering down EU protections.

Garcia-Bercero took pains to stress that that was not going to happen.

"Cooperation is only possible if the level of protection for citizens stays the same or indeed improves," he said.

Any new cooperation "will not change the way we regulate on public policy such as food safety or data privacy."

Mullaney stressed that accelerating talks over the next four months was crucial.

But Garcia-Bercero said that, even if a deal cannot be concluded before Obama leaves office, the EU side is "quite convinced" that there will be continuity in negotiations with whoever becomes the next US president.

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 atlantic freetrade talks advance with 2016 deal eyed Arab Today, arab today atlantic freetrade talks advance with 2016 deal eyed

 



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 atlantic freetrade talks advance with 2016 deal eyed Arab Today, arab today atlantic freetrade talks advance with 2016 deal eyed

 



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 US travel restrictions are still 'Muslim ban'

GMT 00:54 2017 Tuesday ,26 September

US travel restrictions are still 'Muslim ban'
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 Israel builds settlements 'at high rate'

GMT 01:04 2017 Tuesday ,26 September

Israel builds settlements 'at high rate'
Arab Today, arab today Saudi clerics use Twitter, textbooks

GMT 10:13 2017 Tuesday ,26 September

Saudi clerics use Twitter, textbooks
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Personality study finds fish have hidden depths

GMT 00:43 2017 Tuesday ,26 September

Personality study finds fish have hidden depths
Arab Today, arab today China refuses visa to elderly India runner

GMT 15:01 2017 Tuesday ,26 September

China refuses visa to elderly India runner
Arab Today, arab today Botanical gardens a lifeboat

GMT 02:50 2017 Tuesday ,26 September

Botanical gardens a lifeboat
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 Chevrolet's first 9-speed auto debuts

GMT 18:58 2017 Monday ,25 September

Chevrolet's first 9-speed auto debuts
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Mai Kassab happy for participating in new film

GMT 09:33 2017 Friday ,22 September

Mai Kassab happy for participating in new film
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 16:08 2017 Monday ,25 September

'World's heaviest woman' dies

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul

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