“The United States and the European Union face common economic challenges that require us to work even harder to enhance the competitiveness of our economies and workers and to support more and better jobs for our peoples,” said U.S. Trade Representative Ron Kirk.
Speaking at the London School of Economics, Kirk remarked: “As we continue to recover from the worst recession since the Great Depression, a consensus has emerged on both sides of the Atlantic that we can – and we should – do even more to tap the full potential of this extraordinary relationship to boost our growth, support more and better jobs, and to help meet the competitive challenges of the coming decades.”
“Right now, American and European teams are working together to examine a wide range of possibilities, including: eliminating conventional barriers to trade in goods, such as tariffs and tariff-rate quotas; reducing barriers to trade in services, and to transatlantic investment; promoting regulatory approaches that facilitate trade; reducing, eliminating, or preventing in the first place behind-the-border barriers to trade in all categories; and developing rules and principles on other global issues that are of common concern,” he said.
“With so many jobs at stake right now, neither the U.S. nor the EU can afford to leap into open-ended negotiations on faith alone. Our mutual, urgent needs to enhance growth and employment compel us to identify a reasonably short path to success before we launch negotiations,” he noted. Kirk added: "The United States is committed to finding the smart, prudent, and most effective way forward on measures to strengthen and deepen transatlantic trade and investment.”
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