Extracts from the press conference by Karel De Gucht on the draft mandate for the EU/US Transatlantic Trade and Investment Partnership Agreement
Type: Summary of press conference
End production: 12/03/2013 First transmission: 12/03/2013
On 12 March 2013, Karel De Gucht, Member of the EC in charge of Trade, announced that the European Commission had agreed the draft mandate for the Transatlantic Trade and Investment Partnership Agreement with the United States, effectively firing the starting gun for what is hoped to be a relatively quick negotiation.
Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
||Karel De Gucht, Member of the EC in charge of Trade, arriving
||SOUNDBITE by Karel de Gucht (in ENGLISH) saying that the European Commission has given its green light to the proposal for the European negotiating mandate for a future EU/US trade deal; he is very pleased with it since this key step to getting up to the actual start of negotiations comes just one month after the initial announcement by Presidents Obama, Barroso and van Rompuy to go for this groundbreaking trade deal.
||SOUNDBITE by Karel de Gucht (in ENGLISH) saying that the overall objectives are based very much on the conclusions of the high level working group which are already public since the initial announcement; central to this is the need for both sides to have a pragmatic approach to tackle any difficulties on the path to a successful conclusion; first of all, they will work to reduce remaining product tariffs, currently at 4% on average, to 0 either immediately or over fixed time periods; also they will seek ambitious market access in services and procurements; second, the real challenge for both sides is to tackle the many behind the border barriers to trade that exist within regulations or domestic standards. (4 shots)
||End of the press conference