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Wed Feb 13, 2013, 07:37 AM

EU and US free-trade talks launched

Source: BBC

The European Union and the US will begin formal talks on a free-trade agreement, paving the way for the biggest trade deal in history.

European Commission President Jose Manuel Barroso made the joint announcement following President Barack Obama's State of the Union address.
...
EU-US trade is worth around 455bn euros (393bn; $613bn) a year.

Mr Obama announced US support for talks as part of his annual address to Congress on Tuesday, saying a free-trade deal would "boost American exports, support American jobs and level the playing field in the growing markets of Asia".

Read more: http://www.bbc.co.uk/news/business-21439945

7 replies, 1366 views

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Reply EU and US free-trade talks launched (Original post)
muriel_volestrangler Feb 2013 OP
JaneFordA Feb 2013 #1
Ghost Dog Feb 2013 #3
AAO Feb 2013 #2
pampango Feb 2013 #4
fasttense Feb 2013 #5
antigop Feb 2013 #6
Freddie Stubbs Feb 2013 #7

Response to muriel_volestrangler (Original post)

Wed Feb 13, 2013, 09:25 AM

1. question

Does this mean WE would become that "low-cost pole (that Neutron Jack Welch spoke so highly of)" where Europeans could get their goods and services on the cheap, wreck what's left of their middle class and make THEIR fat cats even fatter?

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Response to JaneFordA (Reply #1)

Wed Feb 13, 2013, 09:32 AM

3. Well, Southern Europeans are heading the same way as you...

... right now, with what wages there are declining.

And our fat cats are getting very much fatter.

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Response to muriel_volestrangler (Original post)

Wed Feb 13, 2013, 09:31 AM

2. I just can't wait to see how badly we'll be screwed.

 

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Response to muriel_volestrangler (Original post)

Wed Feb 13, 2013, 11:46 AM

4. "... it is a coup for EU diplomats who have been working behind the scenes since November 2011..."

EU Observer: Obama gives green light to EU-US trade deal

US President Barack Obama has given the green light for comprehensive trade talks between the EU and the US, paving the way for what could become the largest single free trade zone in the world. Delivering his annual State of the Union address to the US Congress on Tuesday (12 February), he told legislators 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."

Although the move does not come as a surprise, it is a coup for EU diplomats who have been working behind the scenes since November 2011 on preparing the ground for the bilateral free trade agreement.

The US and the EU already have a huge trade relationship, worth $2.7 billion per day in goods and services. Although tariff barriers between the two sides are already low - under 3 per cent in most cases - since November 2011, they have been exploring ways to deepen ties amid rising global competition, particularly from China.

The EU is currently devoting heavy political capital to bilateral trade accords. A free trade agreement was agreed with Singapore in December, while a deal with Canada is expected to be completed imminently. Negotiations with Japan are also expected to be launched in Tokyo in April, meaning that the EU will spend the next year brokering trade deals with two of the world's largest economies.

http://euobserver.com/economic/119051

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Response to muriel_volestrangler (Original post)

Wed Feb 13, 2013, 11:56 AM

5. I'm sure all the rights of corporations will be carefully and explicitly laid out

The rights of people and citizens not so much. Just like all the other free trade deals.

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Response to fasttense (Reply #5)

Wed Feb 13, 2013, 12:35 PM

6. +100 nt

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Response to muriel_volestrangler (Original post)

Wed Feb 13, 2013, 01:24 PM

7. Good news. We need more trade

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