Digital Magazine: December 12, 2018

EU ambassador: Quick outcome sought in trade talks

Sen. Portman also highlighted his hopes for agriculture to be included in EU-U.S. discussions during an event at the Hudson Institute.

   A major sense that emerged from President Donald Trump’s and European Commission President Jean-Claude Juncker’s July meeting in Washington was that the two governments should quickly negotiate a trade agreement, which is part of the reason the EU wants to omit agriculture from negotiations, EU Ambassador to the U.S. David O’Sullivan said Wednesday during an event at the Hudson Institute.
   “Both presidents were saying we do not want to launch a set of negotiations that will be carried on for three or four years, so that’s why it’s not TTIP,” O’Sullivan said. “Maybe it would not be the most important trade deal either of us have ever done, but it would be a substantial and significant achievement for business and in eliminating tariffs across the board on industrial products.”

EU ambassador: Quick outcome sought in trade talks

Sen. Portman also highlighted his hopes for agriculture to be included in EU-U.S. discussions during an event at the Hudson Institute.

EU ambassador: Quick outcome sought in trade talks

Sen. Portman also highlighted his hopes for agriculture to be included in EU-U.S. discussions during an event at the Hudson Institute.

 
Continued from previous page
   A major sense that emerged from President Donald Trump’s and European Commission President Jean-Claude Juncker’s July meeting in Washington was that the two governments should quickly negotiate a trade agreement, which is part of the reason the EU wants to omit agriculture from negotiations, EU Ambassador to the U.S. David O’Sullivan said Wednesday during an event at the Hudson Institute.
   “Both presidents were saying we do not want to launch a set of negotiations that will be carried on for three or four years, so that’s why it’s not TTIP,” O’Sullivan said. “Maybe it would not be the most important trade deal either of us have ever done, but it would be a substantial and significant achievement for business and in eliminating tariffs across the board on industrial products.”
   O’Sullivan added that it was the EU’s desire to leave agriculture out of negotiations and the United States’ desire to leave automobiles out of negotiations.
   He mentioned that Trump and Juncker agreed to hold off on any additional tariffs while their governments continue to progress in trade negotiations, adding that any U.S. actions to impose tariffs on European automobiles “would basically break off those talks, but we don’t believe that that is going to happen.”
   Speaking before O’Sullivan, Sen. Rob Portman, R-Ohio, noted Defense Secretary James Mattis’ opposition to the current round of Section 232 national security tariffs on steel and aluminum, and anticipated an “even more forthright response” from the Defense Department regarding the proposition of Section 232 tariffs on automobiles, as the Trump administration finishes its ongoing investigation.
   Congress is “intensely interested” in agriculture being included in talks, Portman said, adding that such provisions could cover areas including tariffs and sanitary/phytosanitary barriers. He also noted that the EU maintains a trade surplus with the U.S. in agriculture, even while the U.S. maintains a sort of comparative advantage on commodities including beef, pork and poultry.
   Responding to a question noting that senior EU leaders repeatedly have stated that they don’t want agriculture to be included in talks, Portman said, “We’ll see” if that position will be maintained.
U.S. LNG exports to the EU have increased by 53 percent since July, and soya beans imports from the U.S. to the EU have increased by 100 percent.
The U.S. exported 207,725 metric tons of pork valued at $536.5 million in October, down 2 percent and 5 percent year-over-year, respectively, according to the USMEF.
Most Popular
Latest News
Social Media

Loading...

CMA CGM first ocean carrier listed on Freightos

J.B. Hunt adds all-electric vehicles to final-mile fleet