Obama expected to call for US-EU trade talks in speech

By REUTERS
February 12, 2013 05:01

 
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WASHINGTON - US President Barack Obama is expected to call for comprehensive trade and investment talks with the 27 nations of the European Union in his annual State of the Union speech on Tuesday, following more than a year of exploratory discussions.

"There's a buzz in Europe and the expectation is that the president will signal his political support for the beginning of the talks," said Andras Simonyi, managing director of the Center for Transatlantic Relations at Johns Hopkins University's School of Advanced International Studies.

A successful agreement that phases out remaining tariffs, harmonizes product standards and reduces regulatory barriers to trade would "have huge implications, way beyond just economics.

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