Recent Trade News
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Aug 06, 2020 Pacific Customs Brokers
Reduced Inspection Frequencies For Meat Imported From Australia And New Zealand
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Reminder On SFCR Requirements For The Manufactured Food Sector
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Safe Food For Canadians Regulations (SFCR) Requirement For The Manufactured Food Commodities
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EU, US Open New Round of Free Trade Talks
DW Oct 20, 2015
EU and US negotiators have started a new round of trade talks to advance the Transatlantic Trade and Investment Partnership (TTIP). The negotiations come after the US and 11 Pacific nations finalized a trade pact.
EU and US negotiators in Miami on Monday started the 11th round of trade talks seeking to create a trade and investment zone encompassing 800 million people and nearly half of global economic output.
The five-day negotiations will seek to bridge differences over largely technical issues to reach an end-of-year goal to wrap up talks. The latest round comes two weeks after the US and 11 Pacific nations completed negotiations on the Trans-Pacific Partnership (TPP), which will create a free trade and investment zone covering 40 percent of the world economy.
Speaking in Madrid on Monday, US Secretary of State John Kerry said TTIP would remove trade barriers, create common standards and boost economic output and jobs.
"With the passage of the TPP, it is really important for Europe now to come together now around the TTIP because this can help to elevate the rules and regulations by which we do business all across the planet," Kerry said.
"It won't hurt the environment or labor standards... But it takes away the interferences that prevent our ability to be able to grow jobs faster," he said.