us eu open freetrade talks in miami
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

US, EU open free-trade talks in Miami

Arab Today, arab today

Arab Today, arab today US, EU open free-trade talks in Miami

The 11th round of talks on the Transatlantic Trade and Investment Partnership
Miami - AFP

Senior negotiators on a huge transatlantic trade treaty opened new talks in Miami Monday aiming to close some differences on key issues between the United States and the European Union.

The 11th round of talks on the Transatlantic Trade and Investment Partnership, or TTIP, were under new pressure to advance two weeks after Washington scored a major triumph with the agreement to set up a Pacific free-trade group with Japan, Canada and nine other countries.

But public resistance to a TTIP deal, especially from Europe, has slowed progress, amid worries that the US wants Europe to weaken its health, labor and environmental rules under the deal.

Speaking in Madrid, US Secretary of State John Kerry said that, like the Trans-Pacific Partnership free-trade pact, the aim of TTIP is to remove barriers to trade and investment that hamper economic growth and job creation.

"With the passage of the TPP, it is really important for Europe now to come together now around the TTIP because this can help to elevate the rules and regulations by which we do business all across the planet," Kerry said.

"It won't hurt the environment or labor standards... But it takes away the interferences that prevent our ability to be able to grow jobs faster," he said.

Negotiations on TTIP began in July 2013, and this week's talks are "largely technical," a spokesman for the US Trade Representative, in charge of negotiations from Washington's side, said Monday.

But many of the issues are deeply sensitive to business and to citizens on both sides, and have sparked intense worries given the secrecy surrounding the talks.

Both sides want to deliver to their legislatures a fully negotiated, unalterable deal for ratification, and will not make the texts of the various issues under negotiation publicly available until a complete deal is reached.

Both the TPP and TTIP aim at broadly lowering tariffs and non-tariff barriers, a relatively small issue between the United States and Europe, where trade taxes are already very low.

But they also aim higher, at setting what the White House calls the rules for 21st century trade and investment, with special focus on digital trade and intellectual property issues, and on harmonizing regulations for global business.

A US-EU deal would tie together two giant economies that are home to some 850 million people and account for about half of global output.

Issues under discussion this week include government procurement standards that favor local businesses. US states are especially resistant to pushes to open their contracts to foreign competitors, but Europeans want fair access to these deals.

"State-level procurement in the US is very important for us," said an EU Commission official this week.

Other issues under discussion include technology-related regulations, and more tariff issues.

Put off, probably to the final rounds, will be farm issues, extremely contentious as the EU holds substantial barriers to US products and is loath to weaken their standards.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us eu open freetrade talks in miami us eu open freetrade talks in miami

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us eu open freetrade talks in miami us eu open freetrade talks in miami

 



GMT 19:14 2017 Tuesday ,12 December

Magnitude 6.2 earthquake hits Iran

GMT 12:31 2017 Saturday ,30 December

Syrian regime forces targeted areas in Daraa and Idlib

GMT 11:38 2016 Thursday ,20 October

EU sugar producers eye exports

GMT 09:23 2017 Friday ,24 March

Taiwan court hears landmark gay marriage case

GMT 00:38 2017 Monday ,27 March

Automated bus fare collection from May

GMT 11:10 2016 Monday ,17 October

Sharjah Islamic Bank net profit rises by 12.5%

GMT 18:22 2017 Wednesday ,12 July

Saudi Shura Council passes Added Value Tax law

GMT 17:43 2013 Thursday ,07 February

Omani ruler launches $182m business fund to create jobs

GMT 04:19 2018 Wednesday ,24 January

World powers step up pressure on Syria, Russia
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday