Tuesday, June 18, 2013

EU official: Trade deal with US a 'game-changer'

(AP) ? The top official with the European Union's executive arm says a free trade deal with the United States would be a "game-changer" for the global economy.

European Commission President Jose Manuel Barroso made the statement Monday ahead of a formal launch of the trade effort at the Group of Eight Summit in Northern Ireland.

Barroso said that a deal "can be a game-changer, not just for the trans-Atlantic area, the United States and Europe, but for the world."

He added that the EU negotiating stance ? which has left out the movie and television industry at French insistence ? should not prevent a deal. The opt-out could be revised at a later date.

"What is important, I insist, is the political will on both sides," Barroso said.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2013-06-17-EU-G8-Summit-Trade/id-cd96cbf0210d49fdacb2b18e7ce8c479

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