The European Union is ready to starts talks on a trade agreement with the United...
BRUSSELS - The European Union is ready to starts talks on a trade agreement with the United States and could conclude a deal before the end of the year, European Trade Commissioner Cecilia Malmstrom said on Monday.
Malmstrom said she would now reach out to U.S. Trade Representative Robert Lighthizer to see when talks could begin.She added Brussels would strive to agree what amounted to a limited deal before the Commission’s term ends on Oct. 31. “If we agree to start, I think it can go quite quickly.”Malmstrom stressed that the potential tariffs deal was far less ambitious than the previous “TTIP” negotiations, which stalled after three years and have now been rendered obsolete.
The European Union and the United States reached a detente last July when U.S. President Donald Trump agreed to hold off imposing punitive tariffs on EU cars as the two sides sought to improve economic ties.The Commission has said it is willing to discuss cars, but will not include farm products, a key demand of the United States, which wants comprehensive agricultural market access.
Germany, whose exports of cars and parts to the United States are more than half the EU total, has been among those most keen to press ahead with talks.
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