obama us to launch free trade talks with eu
Last Updated : GMT 08:55:25
Arab Today, arab today
Arab Today, arab today

Obama: US to launch free trade talks with EU

Arab Today, arab today

Arab Today, arab today Obama: US to launch free trade talks with EU

Washington - AFP

The United States and Europe will launch talks on what would be the world\'s largest free trade zone, US President Barack Obama declared in his State of the Union address. The move answered mounting calls from Europe to pursue a grand trade pact to spur growth on both sides of the Atlantic -- covering a region where two-way trade hit $646 billion last year. \"Tonight, I am announcing that we will launch talks on a comprehensive Transatlantic Trade and Investment Partnership with the European Union -- because trade that is free and fair across the Atlantic supports millions of good-paying American jobs,\" Obama said in his signature annual speech. Proposed years ago, the US-EU trade pact idea has been revived recently as both sides of the Atlantic seek avenues for growth and job creation for their weak economies. On February 1, German Chancellor Angela Merkel greeted Vice President Joe Biden in Berlin with a call for movement on free trade talks. And last week EU Trade Commissioner Karel De Gucht was in Washington to press the case. Analysts have said the White House wants to fast-track talks as a bookend to the drawn-out Trans-Pacific Partnership, another free trade project Obama has pushed but which missed the end-2012 target for completion. Obama added Tuesday that he would continue to pursue completion of the TPP, saying it was important \"to boost American exports, support American jobs and level the playing field in the growing markets of Asia.\" Both come amid frustration over the stalled Doha round of World Trade Organization talks, said Andras Simonyi, managing director of the Center for Transatlantic Relations at Washington\'s Johns Hopkins School of Advanced International Studies. With the TPP still struggling to gain real traction, a transatlantic free trade agreement \"is what will set the standards for trade, investment and regulations globally,\" Simonyi told AFP. But Simonyi said it could serve a higher purpose, replacing the NATO defense treaty as the glue holding the two sides together. \"There are drivers that go beyond the immediate economic considerations and trade considerations,\" he told AFP. A European diplomat said that the idea could push emerging economic giants like China to be more open. \"It is based on the idea that, in launching an ambitious accord between the two regions that dominate global commerce, they will push the emerging countries to open up more than they were willing to in WTO negotiations,\" the diplomat said. \"That could be a way of relaunching the frozen WTO negotiations on trade liberalization.\"

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*

obama us to launch free trade talks with eu obama us to launch free trade talks with eu

 



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*

obama us to launch free trade talks with eu obama us to launch free trade talks with eu

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Visit Jamaica for more than just sun

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today UN warns of conflict in Gaza

GMT 08:39 2017 Tuesday ,21 November

UN warns of conflict in Gaza
Arab Today, arab today Missouri problem mirrors woes

GMT 06:46 2017 Tuesday ,21 November

Missouri problem mirrors woes
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
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 VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Singer Jahda Wahba has unlimited ambitions

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 00:54 2017 Monday ,20 November

Mideast in danger as London explores

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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