GovWire

G8 Summit: negotiations for historic EU-US trade deal announced

Prime Minister's Office, 10 Downing Street

June 17
19:09 2013

The Prime Minister, President Obama, President of the European Council Herman Van Rompuy and President of the European Commission Jos Manuel Barroso set out their plans in a joint press conference in Lough Erne.

Watch the press conference here:

Watch the press conference

The Prime Minister hailed a potential deal that could add as much as 100 billion to the EU economy, 80 billion to the US economy, and as much as 85 billion to the rest of the world.

He continued:

And we should be clear about what these numbers could really mean.

Two million extra jobs, more choice and lower prices in our shops. Were talking about what could be the biggest bilateral trade deal in history, a deal that will have a greater impact than all the other trade deals on the table put together.

When we last met at Camp David in the G8 and we first suggested we could reach this moment here in Lough Erne, many doubted it would be possible. Everyone knows these trade deals are difficult. Some take years to get off the ground, and some never happen at all. So its a testament to the leadership and the political will of everyone here that weve reached this point. We must maintain that political will in the months ahead. This is a once-in-a-generation prize, and we are determined to seize it.

Watch the G8 Summit as it happens.

Related Articles

Comments

  1. We don't have any comments for this article yet. Why not join in and start a discussion.

Write a Comment

Your name:
Your email:
Comments:

Post my comment

Recent Comments

Follow Us on Twitter

Share This


Enjoyed this? Why not share it with others if you've found it useful by using one of the tools below: