Barack Obama and European leaders yesterday launched talks on “the biggest bilateral trade deal in history” , an initiative that the US president has put at the heart of his second- term economic agenda.
The US president announced that talks on a transatlantic trade and investment deal would begin in Washington next month. While EU leaders admit that they will be “difficult”, they believe that they can be wrapped up within two years.
Mr Obama urged politicians to “look beyond narrow concerns and focus on the big picture” of a trade deal covering half the global economy.
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