EU-US free trade talks race on, says UK minister

PRW

Published: December 20, 2013 8:30 am ET
Updated: December 20, 2013 8:34 am ET

Related to this story

Topics Public Policy, Government & Legislation

The third round of negotiations between the European Union and the United States for a Transatlantic Trade and Investment Partnership began on Dec. 16.

Lord Livingston, the UK’s minister for trade and investment, said the speed at which the free trade negotiations were proceeding showed a real commitment from both parties.

“As far as trade negotiations go, a launch and three negotiating rounds in seven months is operating at breakneck speed, reflecting the deal’s ambitious two-year timescale and its strong political and business backing,” he said

“But let’s be clear. An E.U.-U.S. deal is the biggest prize of them all. It has the potential to be the biggest free trade agreement ever, and will make exporting cheaper and easier for businesses of all sizes and regions on both sides of the Atlantic.”

Trade between the U.S. and the E.U. accounts for about 30 percent of world trade. A successful deal could add as much as €12 billion to the U.K. economy each year and €120 billion to the E.U., he explained.


Comments

EU-US free trade talks race on, says UK minister

PRW

Published: December 20, 2013 8:30 am ET
Updated: December 20, 2013 8:34 am ET

Post Your Comments


Back to story


More stories

California lawmakers give final approval to plastic bag ban

August 30, 2014 6:00 am ET

Under the measure, single-use plastic bags will be barred from California retailers, including grocery stores, convenience stores and drug stores, as ...    More

Image

Poor plastic coating prompts cable recall

August 29, 2014 2:10 pm ET

Australia's competition regulator, the Australian Competition and Consumer Commission (ACCC), has ordered a major recall of 2,485 miles of electrical ...    More

Image

EPA fines RI polymer company

August 29, 2014 1:20 pm ET

A Rhode Island polymer manufacturer has reached a $60,000 settlement with the U.S. Environmental Protection Agency (EPA) for violating federal clean...    More

California Assembly passes plastic bag ban

August 28, 2014 3:07 pm ET

In its second attempt of the week, the California Assembly approved a bill that would ban single-use plastic bags statewide, the first such ban in...    More

Image

DuPont fined for 2010 chemicals release

August 28, 2014 1:37 pm ET

DuPont Co. has been fined almost $1.3 million for the release of several chemicals — including plastics feedstock phosgene — at its plant ...    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events