EU, US open new round of free trade talks


(Worthy News) – EU and US negotiators in Miami on Monday started the 11th round of trade talks seeking to create a trade and investment zone encompassing 800 million people and nearly half of global economic output.

The five-day negotiations will seek to bridge differences over largely technical issues to reach an end-of-year goal to wrap up talks. The latest round comes two weeks after the US and 11 Pacific nations completed negotiations on the Trans-Pacific Partnership (TPP), which will create a free trade and investment zone covering 40 percent of the world economy.

Speaking in Madrid on Monday, US Secretary of State John Kerry said TTIP would remove trade barriers, create common standards and boost economic output and jobs. [ Source ]

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