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Trade Commissioner De Gucht calls for transatlantic deal
Story Date: 6/1/2012
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Source: EU NEWSBRIEF, 5/31/12
Speaking at the European Parliament's Workshop on Transatlantic Economic Relations, European Commissioner for Trade Karel De Gucht called for the EU and the US to seek "a new, comprehensive transatlantic agreement that covers all relevant economic issues."
Broad trade liberalization across the Atlantic would help economic recovery, said Commissioner De Gucht, and effective regulatory cooperation would further reduce costs because companies would not have to comply with different requirements that have the same objectives.
"Our remit is to look at all measures that can help and that is what we are doing," said Commissioner De Gucht. "My experience is that there is a high degree of consensus on what the optimum outcome would be. We both know that the difficult issues are the ones that will deliver most results. And we both want to move forward quickly. I believe that any new agreement should be finalized within 18 months."
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