EU and US free-trade talks launched [View all]

[muriel_volestrangler]

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