EU, US to launch trade talks next month
ENNISKILLEN, Northern Ireland (AP) — Talks on a sweeping trade deal between the European Union and the United States are to get underway in Washington next month, President Barack Obama and top European Union officials said Monday.
“The EU-U.S. relationship is the biggest in the world,” Obama said after meeting with European leaders at the G-8 summit in Enniskillen, Northern Ireland, citing roughly the $1 trillion in trade in goods and services between the two every year.
“This potentially ground-breaking partnership would deepen those ties.”
The head of the EU’s executive arm, European Commission President Jose Manuel Barroso, said a deal could bring “huge economic benefits” to both sides.
Summit host British Prime Minister David Cameron said the trade pact could create 2 million jobs.
The aim of the trans-Atlantic deal would be to promote economic growth by eliminating the import tariffs and changing regulations that keep goods made on one side of the Atlantic from being sold on the other side.
Officials have said a deal could be reached next year. But securing one will be tricky. The talks will be watched warily by interest groups and would have to be approved by each side’s lawmakers and leaders before the new trade arrangements take effect.
The EU has already yielded to a demand from France to exempt the TV and movie industry from the talks. Barroso said the exception for movies and TV shows could be revisited later. Meanwhile, U.S. labor officials have also expressed skepticism.
The statement of support for the trade deal came just ahead of the opening of the Group of Eight Summit among the leaders of leading industrial nations: The U.S., Britain, Germany, France, Italy, Japan, Canada and Russia, plus the European Union.
The host, British Prime Minister David Cameron, greeting the arriving leaders against a backdrop of green grass and stunning lake views at the Lough Erne golf resort near the small town of Enniskillen.
Later Monday over a working dinner, Russian President Vladimir Putin and Russia’s support for the Syrian government will be a topic for discussion.
Cameron said he wanted the summit to deliver a firm plan for promoting multi-faction talks in Geneva aimed at ending the country’s bloody civil war. Moscow officially shares that goal but keeps shipping military aid to the army of Syrian President Bashar Assad.
Following a frosty Putin-Cameron meeting Sunday in London, the Russian leader remains opposed to plans by the West to start shipping weapons to rebels struggling to topple Assad.
Obama announced Friday that the U.S. would start sending weaponry, while Britain and France remained concerned that the firepower might end up helping anti-democratic extremists linked to Iran and Lebanon’s Hezbollah militia.
Associated Press writers Cassandra Vinograd and Vladimir Isachenkov in Enniskillen contributed to this report.