Close
Log in
Please enter your login details

Skip to main content

Breaking News
  • With over 2,500 dead & 5,000 cases in West Africa, WHO says current Ebola outbreak is “unparalleled in modern times” (Reuters)
  • Ukraine and EU parliaments ratify deal on political association and trade simultaneously in Strasbourg and Kyiv
EU, US negotiators hold fresh free trade talks
close share panel

Share this article

Twitter Facebook
| Share this article
|

EU and US negotiators have met in Brussels for the fourth round of talks on a planned transatlantic free trade deal.

Tariffs between America and the 28-member bloc are already low; they are about 4 percent on average.

But officials say scrapping red tape will boost growth on both sides of the Atlantic.

They expect any agreement between the the US and the EU to set new global benchmarks for trade.

Both economies account for half of the entire world’s GDP and the European Commission predicts that both would expand by more than 200 billion euros once the deal takes effect.

Opponents argue the lack of transparency that surrounds the negotiations is bad news for democracy.

They say a free trade deal between Europe and America would erode regulatory standards and weaken the rights of consumers.

Copyright © 2014 euronews

More about:
| Share this article
|