Obama Urges US-EU Free Trade Pact In State Of The Union

Law360, New York (February 13, 2013, 3:29 PM EST) -- President Barack Obama on Tuesday used the annual State of the Union address to announce a plan to begin talks on a comprehensive free trade agreement with the European Union, saying such a deal would support millions of well-paid American jobs.

Given that the U.S.-EU economic relationship is already the world’s largest, accounting for one-third of total trade in goods and services and almost half of worldwide economic output, the so-called Transatlantic Trade and Investment Partnership would provide major benefits to U.S. international competitiveness, growth and...
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