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TTIP
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 announcement following President Barack Obama's State of the Union address.
President Barack Obama unveiled plans for a new free trade agreement between and the US and Europe in his annual state of the union speech.
Brussels and Washington want to deepen a relationship that accounts for a third of global trade, and ending the EU import ban on live pigs and beef washed in lactic acid is meant to show the Europeans are serious about a deal.
The buzz around possible negotiations of a Transatlantic Free Trade Agreement (TAFTA) keeps growing, with European politicians pointing to agriculture and intellectual property as controversial topics.
EU Trade Commissioner Karel De Gucht gave his clearest signal yet that Brussels and Washington are ready to embark on the negotiations.
A green light to start talks on a transatlantic free trade agreement (FTA) is likely to come early next month, EurActiv has learned, lifting European industries' hopes that increased demand from the US will help turn around its fortunes.
American government officials say they are hopeful talks aimed at securing an EU-US trade agreement will gain momentum under Ireland’s presidency of the European Council but they admit some issues, such as genetically modified crops, are likely to prove difficult during negotiations.
Germany's automotive industry association (VDA) is calling for any revamped European Union-US Free Trade Agreement to concentrate on establishing common standards in a bid to slash billions of dollars from development costs.
Like putting an astronaut on Mars, a US-EU bilateral transatlantic trade deal has been a long-held dream of policy makers that seemed always out of reach. Yet Brussels and Washington are edging closer to the launch pad.
David Cameron has made the establishment of a free trade agreement between Europe and the US a key priority during the UK's leadership of the G8 group of richest nations this year.
