No Breakthrough in US-EU Trade Talks
No Breakthrough in US-EU Trade Talks

No Breakthrough in US-EU Trade Talks

No Breakthrough in US-EU Trade Talks

Top trade officials from the US and EU met to begin efforts to turn a much heralded deal to avert a trade war into a concrete long-term agreement.
After the meeting in Brussels, EU trade commissioner Cecilia Malmstrom said she would meet US trade representative Robert Lighthizer again by the end of the month. But neither side announced any immediate breakthrough, AFP reported.
“We discussed how to move forward and identify priorities on both sides,” Malmstrom wrote on Twitter, “and how to achieve concrete results in the short to medium term.” Lighthizer’s office called it a “constructive meeting.”
The negotiators’ cautious response to this first chance to “operationalize” plans for a limited trans-Atlantic trade pact came in stark contrast to the enthusiasm surrounding its birth.
In July, US President Donald Trump and European Commission head Jean-Claude Juncker pledged to hold off from further tit-for-tat tariffs and to work towards scrapping customs duties on all goods.
Both sides hailed the deal as a major breakthrough, but subsequent statements showed that disputes persist, especially over agriculture, which Washington insists will be a key part of any agreement.
“Lots of work remains this autumn, our services will be in close contact in the coming weeks,” Malmstrom said, promising that technical teams will meet in October.
Under pressure from France, Europe refuses to allow farm goods to be included in trade negotiations, creating a sticking point that Malmstrom and Lighthizer must get past.
“The idea is that the commission and the United States agree on a framework document, perhaps by the end of the year,” a European source told AFP.
“Trump and Juncker have an agreement, but in reality, we didn’t completely agree on the scope of the discussions,” she added.

Short URL : https://goo.gl/vwCpB1
  1. https://goo.gl/sLfozT
  • https://goo.gl/WGTtau
  • https://goo.gl/iUZbbz
  • https://goo.gl/HqKrgW
  • https://goo.gl/ZbdFPY

You can also read ...

Imran Khan Says Economic Revival a Priority
Pakistan Prime Minister Imran Khan on Thursday said that the...
Zimbabwe is in arrears of nearly $1.8 billion  to the World Bank and ADB .
The International Monetary Fund Thursday said it was ready to...
While the tariff conflict may still be in its infancy,  global trade growth rate has almost halved.
The global economy will continue to expand strongly in the...
Poland to Maintain Solid Growth
Polish economy’s all significant macro fundamentals appear...
Premier Li Keqiang has  voiced confidence in China’s ability to overcome obstacles.
Chinese officials are shrugging off warnings that the trade...
Global Stocks Hit 6-Month High
World shares hit their highest levels in more than six months...
King Khaled International Airport
Saudi Aramco may have grabbed the biggest headlines, but the...
Georgia Economy Recovering
Christine Lagarde, the managing director of the International...

Add new comment

Read our comment policy before posting your viewpoints