Press release: Opening of EU-US FTA negotiations will be a milestone in evolution of world trade

Marietje

Dutch Liberal Member of European Parliament Marietje Schaake (D66) today expects the European Commission to swiftly present a negotiating mandate as the basis for a comprehensive Free Trade Agreement with the United States following President Obama's support for the opening of negotiations in last night's State of the Union address.

ALDE Press release, 13.02.2013
Dutch Liberal Member of European Parliament Marietje Schaake (Netherlands, D66) today expects the European Commission to swiftly present a negotiating mandate as the basis for a comprehensive Free Trade Agreement with the United States following President Obama's support for the opening of negotiations in last night's State of the Union address. Schaake said: "Practically everybody has already taken a position, from farmers, to engineers and investors. We have just been waiting for the green light from the White House." "Earlier this month in Munich Vice-President Biden voiced his optimism on starting negotiations," Schaake continued. "The economic potential of this deal is simply too big to lose. Just by eliminating current tariffs the combined EU-US GDP could add 135 billion euro in five years. That also means thousands of news jobs. Of course we should be more ambitious and focus on regulatory convergence for automotives, chemicals and pharmaceutics, allowing for more trade". Schaake also pointed to the strategic importance of a more integrated transatlantic market facing up to new economic powers like China: "Together, the EU and the US could help set the new standards for world trade". Services sector should receive special attention Marietje Schaake, ALDE spokesperson on the EU-US trade negotiations, will push for a forward-looking agreement that will also open up important services sectors: "European airliners cannot takeover American carriers or operate domestic flights. Ship-owners are similarly restricted in coastal shipping and the public procurement market is only partialy opened for European construction companies. There is a huge potential for European businesses, especially in the ICT sector but we must not duck difficult issues related to IPR and copyright. The protection of European citizen' digital freedoms is my main priority".