EU Trade Commissioner Catherine Ashton and U.S. Trade Representative Susan Schwab met in Brussels to renew their commitment to the early conclusion of the world trade talks.
They discussed a number of bilateral trade issues, including beef hormones, poultry, and REACH (Registration, Evaluation, Authorisation and Restriction of Chemicals).
Following the meeting, Commissioner Ashton concluded that a Doha deal is within the grasp as the details of a final agreement could be agreed within weeks. The EU and the U.S. would continue to provide leadership to maintain the openness that has brought growth and prosperity in the past decades. It would be very important that the G20 meeting in Washington on 15 November send a clear signal to negotiators to achieve this objective.
According to USTR Schwab, at this critical time it would be all the more important not only to avoid retrenchment in market opening, but to move ahead with an ambitious and balanced Doha Round that would create new trade flows and generate economic opportunities worldwide.
Trade flows across the Atlantic worth around $2.15 billion (€1.7 billion) every day.
Source: United States Trade Representative