Friday, June 14, 2013

Launch of US-EU trade talks may be hitting snag

(AP) ? One of the big goals of President Barack Obama's upcoming trip to Europe may be in jeopardy with French objections threatening to hold up the launch of negotiations on a sweeping U.S.-European Union free trade pact.

The proposed Transatlantic Trade and Investment Partnership has raised great expectations of boosting growth and jobs by eliminating tariffs and other barriers that have long plagued economic relations.

It would be a sharp departure from years of U.S.-European squabbling over trade. But old tensions are rearing once again with France demanding an exclusion for European film, radio and TV industries ? fearing the influence of Hollywood on homegrown culture. The U.S. says nothing should be taken off the table before negotiations even begin.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2013-06-13-US-EU-Trade%20Pact/id-c2d3fd2b586c4b98891fce1ce560e1e4

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