UK Envoy Urges U.S., EU Seize Chance to Launch Trade Talks
The United States and the European Union should seize a promising opportunity to restore much-needed economic growth by starting bilateral free trade talks early next year, Britain’s ambassador to the United States said on Wednesday.
“Estimates suggest that a comprehensive deal covering goods, agriculture, services, investment, government procurement and regulatory co-operation would be worth two to three percent in GDP gains to the EU and the U.S.,” British Ambassador Peter Westmacott said in the prepared text of a speech.
A comprehensive U.S.-EU agreement that opens new markets would increase business confidence on both sides of the Atlantic, encouraging companies to invest some of the trillions of dollars they have sitting on the sideline, Westmacott said. Read more here.
Date: July 25, 2012