Arab Today, arab today eu us to launch talks for world\s biggest trade pact
Last Updated : GMT 00:00:12
Arab Today, arab today
Arab Today, arab today

EU, US to launch talks for world\'s biggest trade pact

Arab Today, arab today

Arab Today, arab today EU, US to launch talks for world\'s biggest trade pact

Enniskillen - AFP

The EU and United States are set to launch negotiations on Monday to create the world\'s biggest free-trade pact despite a hard line by France to protect its film and culture sectors from Hollywood. Such a deal is touted as a potentially huge boost to business, economic growth and job creation, but the culture issue is seen as potentially offering a bargaining chip to the US side. President Barack Obama and European leaders gathered at the G8 summit in Northern Ireland prepared to announce the formal start of talks on the pact, just days after the EU thrashed out a last-minute deal to keep the French happy. The head of the EU executive, Jose Manuel Barroso, told reporters that Obama and European leaders \"will give the go-ahead\" for the start of talks and said a deal would have huge potential. \"Two years ago, very few would have bet that the US and the EU would have been able to launch this free trade and investment partnership,\" Barroso said. \"This can be a game-changer, not just for the transatlantic area, the United States and Europe, but for the world,\" he said. Barroso had earlier weighed in with an unusually outspoken criticism of France for its \"reactionary\" behaviour to defend its audiovisual and cultural industry. \"Some say they belong to the left, but in fact they are culturally extremely reactionary,\" the president of the European Commission said in an interview with the International Herald Tribune on Monday. French President Francois Hollande reacted spikily as he arrived at the summit. \"I do not want to believe that the president of the European Commission could have made these statements on France,\" he told reporters. If the EU-US deal is done, it would be the world\'s largest Free Trade Agreement (FTA): bilateral trade in goods last year was worth some 500 billion euros ($670 billion), with another 280 billion euros in services and trillions in investment flows. The EU says an FTA would add about 119 billion euros annually to the EU economy, and 95 billion euros for the United States. British Prime Minister David Cameron, who is hosting the G8 meeting of leading industrialised nations, made no mention of the row with France as he hailed the deal. \"My focus is very clear -- getting agreements, signing deals, making progress on issues that will help hard-working families right here in the United Kingdom. For me, that\'s what the agenda of this G8 is all about,\" Cameron said. The British prime minister\'s spokesman said he expected it to take \"twelve to eighteen months\" for the EU and US to complete negotiations, dismissing speculation that it could take years for anyone to see the benefits. He added: \"I think that what you are going to see today is really good important news with the launch of the EU-US trade negotiations.\" He also played down the row over France\'s so-called \"cultural exception.\" \"I wouldn\'t characterise it in those terms,\" he said. \"The audiovisual sector is not on the table at this stage but there is the explicit position for the (European) Commission to propose for it to be brought forward.\" He said key liberalised areas would include the airline sector. The bloc\'s 27 trade ministers agreed the terms of the Commission\'s mandate to negotiate an EU-US free trade deal at marathon talks in Luxembourg on Friday. France insisted that the audiovisual sector be excluded from the negotiations and after 13 hours of talks, a compromise was reached agreeing to Paris\' demand while stating that the Commission could come back on the question if necessary. France jealously guards its cultural sector: French television stations are required to air at least 40-percent home-produced content, with another 20 percent coming from Europe before American TV soap operas even get a look in. Cinema-goers pay a levy on each ticket to help fund the French film industry, which many believe could not survive without such support in the face of Hollywood\'s dominance. EU officials have repeatedly warned that excluding any economic sector could hand the US an early bargaining chip in what promise to be tough negotiations. Washington says no areas should be excluded from the talks although there have been reports that it may seek an exception for some financial services.

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 to launch talks for world\s biggest trade pact Arab Today, arab today eu us to launch talks for world\s biggest trade pact

 



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 to launch talks for world\s biggest trade pact Arab Today, arab today eu us to launch talks for world\s biggest trade pact

 



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 Lufthansa chief eyes up to 78

GMT 11:29 2017 Thursday ,21 September

Lufthansa chief eyes up to 78
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 Rouhani at UN defends Iran nuclear deal

GMT 09:41 2017 Thursday ,21 September

Rouhani at UN defends Iran nuclear deal
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 China lifts 10-year travel ban

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban
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 Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Actress Ream Hhagag prepares for a new film

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks

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 04:49 2017 Wednesday ,20 September

WHO urges Yemen to accept vaccines

GMT 16:04 2017 Tuesday ,19 September

Egypt tourism revival steady but slow

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