Business, Freight News

Talks to start on transatlantic trade deal

[ February 14, 2013   //   Chris ]

US President Barack Obama said he would start negotiations for an ambitious free trade agreement with the EU in his State of the Union address on 12 February. The European Commission hopes to start talks during the current, Irish, Presidency of the EU on what is hailed as the most ambitious free trade pact in the world, covering not customs tariffs but will also cover mutual recognition of standards on a range of products, public procurement and the often vexed issue of agricultural products, including the EU’s ban on genetically-modified organisms and hormone-treated beef, both of which have caused major upsets to transatlantic trading in the past.

Tags: Barack Obama, EU