Obama calls for US-EU free trade agreement
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US President Barack Obama has called for talks on a far-reaching free trade deal with the European Union. Delivering his annual 'State of the Union' speech in the US Congress on Tuesday, Obama supported a bilateral agreement that would encompass half the world's economic output. "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." said US President Barak Obama. The United States and the European Union already have the largest economic relationship in the world, worth over 2 billion euros per day. But facing increased competition from emerging economies, both allies have been exploring ways to deepen their relations. "A future deal between the world's two most important economic powers will be a game-changer, giving a strong boost to our economies on both sides of the Atlantic." "For these negotiations to succeed, we need -- above all -- political will: a desire to make our rules and regulations compatible, and to cut tariffs whenever it makes sense and is possible." "The Commission will move quickly to present a negotiating mandate to our Member States so we can start negotiations as soon as possible, still during the Irish Presidency of the Council.", said EC's president Jose Manuel Barroso. The European Commission said on Wednesday that they aim to complete negotiations by 2015. "Ideally, we'd like to complete this work in about two years from now -- but, more paramount than speed is achieving an ambitious deal." "Our main focus has to be to tackle those barriers which are behind the customs border -- such as differences in technical regulations, standards and certifications. These often cost time and money. This is where we can make real savings for our businesses and bring better value for consumers.", said EU commissioner for Trade Karel de Gucht. The EU executive estimates that a deeper trade deal with the US could generate €275 billion per year and create 2 million new jobs.
Comments
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Obama can go suck a cock
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Free trade with the U.S allows American lobbyists to make concessions that benefits the U.S and not nations such as new Zealand for instance. The TPPA is a discriminatory policy that benefits the U.S. However Obama is stubborn and believes that the TPPA FTA will benefit also New Zealand as well, what a load of Bullshit!
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The EU is not a disaster waiting to happen but where it has happened already. For the wealth of the people has declined whereas the wealth and sheer power of the corporation and politicians has increased together
http://worldinnovationfoundation.blogspot.co.uk/2014/03/the-european-union-eu-is-long-term.html
USA-EU Trade Pact
http://worldinnovationfoundation.blogspot.co.uk/2013/12/the-eu-usa-trade-agreement-if-our.html
Dr David Hill
CEO
World Innovation Foundation -
They should not negotiate for more power for the capital. They should go to an psychiatrist and let check their menthal health...may be Mr. Obama and Barroso and so on is allready brainwashed...our world is not a computergame you dam suckers out there!!!
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I.e our government is controlled over 4 years, iif no shits happening within 2 years, shits probably happening in brussels, so 1 party from each country, whoever wins from that country.....Leads, however as this originates in brussels, they are discounted as biased.
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bullshit, if America wished to be in th EU, then Brussels would not be in control, and listening to all the shit its shovelled into my country, then alloow non brussel counterparts to be introduced, Liike a general election however in stead we use2 years control over EU.
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I fear that the Brussels EU will do anything to try and save the disastrous Euro.What I fear most is that such a deal will allow the EVIL "MONSANTO" (GM food) Corp to expand into Europe, with its evil plans to control the world's food supply (and outlawing organic foods). This is the very LAST thing that the people of Europe need. Vote UKIP!
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Sir are you mentaly sick..:most western EU people live good lives...even poor people have OK life ...Blame your own politicasn that F up your country not everyone else.
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I agree, US and European Union are friends. We should stick together economically.
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It won't benefit us at all! Wake up
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FAIR TRADE!!!! NOT FREE TRADE!
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There has not been a single free trade agreement yet that helped the employment situation in the USA. It will not produce one single well paying job for Americans. We don't want Free trade,, we want Fair Trade. It is corporations paying lots of money to lower labor cost by having another country do it for a lot cheaper.
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It is a, im pink and yellow.
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niggers is a word white people invented, because some white people like to hide behind words when they feel threatened. You need to understand there are more ethnicity put on this planet than just celtics such as yourself. Your not even the colour white your face is pink and your hair is like a ginger sponge cake. lol
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Superior is a word niggers use
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Consolidating debt. I bet there more in the small print.
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thats just a word matey. Does it make you feel more superior? It means nothing like you.
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It will be bad for America. Just like Britain was forced to cede sovereignty to Brussels to be in the EU, America will be forced to adopt all of Europe's craziness over time. Americans should run away and not look back. North America has a smaller population density, a continent of resources, and plenty of room for growth. Europe is stagnant, over-populated and much smaller in land area. They have all to gain by getting access to the American market and society.
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That's a very bleak perspective on life to have. I hope you become less cynical in the future :)
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