Liberal Democrats in the European Parliament today welcomed the interim report of the EU-USA High Level Working Group on Jobs and Growth and urged both parties to launch a free trade agreement as soon as possible.
The interim report concludes that a ‘comprehensive transatlantic trade and investment agreement’ is the best option for supporting jobs and promoting growth and competitiveness across theAtlantic. Such an agreement could have huge benefits for the British economy, and the US Chamber of Commerce has estimated that the elimination of import tariffs alone would raise EU-US GDP by $180 billion.
Catherine Bearder MEP, Lib Dem EU spokesperson for international trade, commented:
“I call on the European Commission and their American counterparts to launch negotiations for a free trade agreement as soon as possible. Continue reading