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By Matt Kibbe
The short-term deal will assure long-term overspending
Independent voices from the The Washington Times Communities
Topic - Investment Partnership
The United States and the European Union, which already enjoy the world's biggest business relationship, resumed talks Monday on a deal to further increase two-way trade and investment.
American farmers stormed Washington on Wednesday, telling a Senate committee they hope any free-trade deal with Europe would open the food markets they've been kept out of by that continent's politicians.
The fallout from the NSA spying scandal could create major headaches for new U.S. Trade Representative Michael Froman as he tries to move forward with an ambitious trade deal with the European Union.
The fallout from the NSA spying scandal could create major headaches for new U.S. Trade Representative Michael Froman here as he tries to move forward with an ambitious trade deal with the European Union.
The just-initiated U.S.-European Union trade negotiations — now called the Transatlantic Trade and Investment Partnership — face many obstacles, some understandable, many not. Unfortunately, the biggest obstacle — the Obama administration's demand to exclude financial services from the agreement — makes the least sense of all, and it greatly undermines the entire enterprise.
Coming out of a successful first week of trade talks in Washington, where U.S. and European officials laid the foundation for a pact that would connect the economies of the Western world, both sides are turning their sights toward the next round of negotiations this fall.
As negotiations began Monday in Washington on a proposed blockbuster U.S.-European Union trade pact that would connect the largest economies of the Western world, activists warned against any deal that undermines environmental, labor, food or financial safeguards.
Though it could be overshadowed by the conflict in Syria, leaders from the world's major industrial nations plan to discuss how they can boost economic growth and regain competitiveness during the Group of Eight summit this week.
President Obama has answered pressures from Europe with a promise to begin talks on free trade with the European Union.