US, European negotiators to meet on Atlantic trade pact
Washington, October 17
Negotiators from the United States and the European Union resume talks on Monday on a huge free trans-Atlantic trade area, with mistrust and public opposition standing in their way.
The 11th round of discussions, to be held in Miami, will address a still substantial list of differences on key issues between the two sides, after over two years of talks on ambitious Transatlantic Trade and Investment Partnership.
But they come after Washington scored a major triumph with the agreement two weeks ago to set up a Pacific free trade group with Japan, Canada and nine other countries.
Both groupings aim at broadly lowering trade tariffs and non-tariff barriers, a relatively small issue between the United States and Europe, where trade taxes are already very low.
But they also aim higher, at setting what White House calls rules for 21st century trade and investment, with special focus on digital trade and intellectual property issues, and on harmonising regulations for global business.
A deal would tie together two giant economies that are home to some 850 million people and account for about half of global output.