Biggest free trade agreement in the world in sight at last
Negotiations will begin in Washington next week and will take about two years but they are not expected to proceed smoothly — as acknowledged by US President Barack Obama, who pledged to intervene to push them through, if necessary.
Trade between the two biggest economies globally accounts for 40% of the world’s GDP with goods and services wroth more than €2bn traded daily. A deal would, according to both sides, boost GDP in both economies by 0.5%, worth €68bn each, creating up to 400,000 jobs.
