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Sixth round of TTIP negotiations kick off in Brussels

English.news.cn   2014-07-15 07:30:00

BRUSSELS, July 14 (Xinhua) -- The sixth round of Transatlantic Trade and Investment Partnership (TTIP) negotiations between the European Union (EU) and the United States kicks off in Brussels Monday.

The new round of talks aimed at removing trade barriers in a wide range of areas were held by EU chief negotiator Ignacio Garcia Bercero and his U.S. counterpart Dan Mullane.

The U.S. and EU leaders have initially set a timetable for completing an agreement for TTIP by late 2014. But negotiations moved very slowly amid rising political and public resistance to the deal on both sides. The last round of talks was held in Washington in May.

An EU-U.S. trade agreement would cut businesses' costs and generate enough growth and jobs to boost the EU economy by up to 120 billion euros (163 billion U.S. dollars).

The Directorate General for Trade of the European Commission will again organize a stakeholder event on Wednesday 16 July to ensure that a plurality of interests is taken into account during the negotiations, according to an EU statement. (1 euro = 1.36 U.S. dollars)

Editor: Shen Qing
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