The Washington-based National Foreign Trade Council (NFTC) on Wednesday lauded a new report by the EU-U.S. High Level Working Group on Jobs and Growth about the group’s progress in expanding transatlantic trade and investment.
“The U.S.-EU relationship is an important one, and we are pleased that steps are being taken to find ways to strengthen economic relations further by expanding transatlantic trade and investment,” said NFTC President Bill Reinsch.
“While this report highlights the framework for a potential comprehensive agreement, it also outlines substantive issues still to be worked out. Rather than waiting to have every detail ironed out or creating more unnecessary bureaucracy before beginning actual negotiations, the NFTC urges the U.S. and EU to accelerate the process and moveforward immediately with meaningful, results-oriented negotiations,” he added.
Progress lauded on transatlantic trade talks
