EU, the United States have agreed to push for trans-Atlantic trade deal | iNFOnews

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EU, the United States have agreed to push for trans-Atlantic trade deal

CORRECTS MONTH TO FEB European Commission President Jose Manuel Barroso addresses the media, at the European Commission headquarters in Brussels, Wednesday, Feb. 13, 2013. The EU and the U.S. agreed on Wednesday to launch talks for a trans-Atlantic free trade deal. (AP Photo/Yves Logghe)
February 13, 2013 - 4:03 AM

BRUSSELS - The European Union and the United States have agreed to pursue talks for a trans-Atlantic free trade deal.

The 27-country EU said Wednesday that such an agreement would be the biggest bilateral trade deal ever negotiated and hoped it could add 0.5 per cent to the EU's economic output.

EU Trade Commissioner Karel De Gucht said that initial talks could start by summer.

"It will not be easy," EU Commission President Jose Manuel Barroso said, but added the result would be "win-win" situation.

News from © The Associated Press, 2013
The Associated Press

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