Kerry proposes US-EU free trade zone

2013-03-27 16:02
(File, AFP)

(File, AFP)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Paris - US Secretary of State John Kerry said on Wednesday a proposed US-EU free trade zone could help Europe emerge from the economic crisis and played down fears it would hit the farm sector.

"What is important is that ... we move rapidly to have a profound impact on the rest of the world," Kerry told French business leaders, including the heads of Air Liquide, Thales and GE France, at a meeting at the US ambassador's Paris residence.

"The EU and the United States together represent one-third of the total of all the goods and services sold in the world and we represent more than 50% of the total global economic output of the world," he said.

US President Barack Obama last week notified Congress that the government would launch trade talks with the European Union aimed at forging the world's largest free-trade area.

The Obama administration said it intends to launch negotiations with the EU "no earlier than 90 days" after the notification.

13 million jobs

Kerry said the proposed free trade area could help Europe emerge from the current economic crisis.

"I believe as does President Obama that this may be one the best ways of helping Europe to break out of this cycle, have growth," Kerry said.

The trade and investment ties support 13 million jobs on both sides of the Atlantic, according to the US Trade Representative.

Kerry referred to concerns over agricultural products, saying: "I know the fears in some places. I believe personally than we can work through the differences.

"I understand the geographical components of certain products that are produced in France ... and I value that. Roquefort is Roquefort for a reason and Champagne is Champagne for a reason. We get it. There are to be ways to protect things that are geographically identified".

Read more on:    eu  |  john kerry  |  barack obama  |  us  |  economy

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24


Millions of plastic particles in our food!

Scientists and researchers believe that almost five million tons of plastic is dumped in the oceans every year and it’s affecting our food.



Plastic on your plate
Prince George the green prince?
Lean, green, drifiting machine
One man's $1 million vision for an eco Africa

Book flights

Compare, Book, Fly

Traffic Alerts

Trying to keep time for your social commitments and friendships as well as taking care of work and health obligations can be more

There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.