Nicole Bricq will champion a meaningful and ambitious free trade agreement between the European Union and the United States

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Nicole Bricq will champion a meaningful and ambitious free trade agreement between the European Union and the United States

President Obama’s State of the Union address formalizes the United State’s willingness to establish a transatlantic free trade agreement.

This speech was followed by the publication of the final report of the High-Level Working Group on Jobs and Growth, which indicates that in order to be beneficial, this agreement must be ambitious: gradual elimination of tariffs, access to public contracts, mutual recognition of sanitary and phytosanitary standards. The negotiations – should they open – should focus on all issues. It’s now up to the member states of the EU, in accordance with the Treaty, to decide whether or not to authorize the Commission to launch these negotiations by providing it with a clear road map.

A great deal is at stake with respect to such an agreement. The United States is the EU’s most important partner. Together, the EU and the United States represent almost half of global GDP, 25% of exports and 32% of imports. The United States is also France’s 5th largest trading partner and its leading foreign investor, with investments amounting to €88 billion and 450,000 jobs in France[1].

Nicole Bricq, Minister of Foreign Trade stated “I want a meaningful agreement that will be a source of opportunities for our companies on the American market and will create jobs on French soil. I have launched a major consultation exercise with companies and professional bodies, as well as with unions and NGOs, in order to obtain their opinion and to identify the benefits to be expected and the obstacles that we still face. I will champion an agreement that will respect our values, the European vision of culture, our agricultural model and will support the environmental and energy transition. I will make sure that France’s interests are heard.”

_Paris, February 13th, 2013

[1] Source AFII (Invest in France Agency)

Dernière modification : 22/02/2013

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