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US President Barack Obama, European Commission President José Manuel Barroso, European Council President Herman Van Rompuy and British Prime Minister David Cameron announced on June 17 that the EU would begin talks on a free trade agreement with the US. The first round of negotiations will start in Washington next month.
Heralding the talks, The Wall Street Journal said insiders hoped the trade pact will be “ambitious” in its scope. The economic daily added –
They hope it will largely eliminate trade tariffs and harmonise regulations across a broad range of industries, greasing the gears of trans-Atlantic trade and investment.
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