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US official seeks support for European trade deal in Poland | US official seeks support for European trade deal in Poland |
(about 5 hours later) | |
WARSAW, Poland — U.S. Trade Representative Michael Froman was welcomed Sunday by Polish entrepreneurs as he worked to finalize a free trade pact between the United States and the European Union. | |
Froman said the two sides are trying to conclude the deal, the Trans-Atlantic Trade and Investment Partnership, this year after nearly three years of negotiations. | |
There is resistance from some Europeans to the planned agreement, which aims to eliminate tariffs and create common regulatory standards between the world’s two biggest economies. Opponents fear a lowering in food safety standards and the undermining of local regulations by giving international arbitration panels the power to rule over disputes. | |
In Warsaw, Froman told a group of young Poles with startups, among them software developers, that the deal would be especially helpful to small and medium-sized businesses like theirs. He said they would benefit from a harmonizing of regulatory standards and intellectual property protection. | In Warsaw, Froman told a group of young Poles with startups, among them software developers, that the deal would be especially helpful to small and medium-sized businesses like theirs. He said they would benefit from a harmonizing of regulatory standards and intellectual property protection. |
“It’s small and medium-sized businesses that are driving the economy. And if we can make life easier for them, it’s good for all of our economies,” Froman said. | “It’s small and medium-sized businesses that are driving the economy. And if we can make life easier for them, it’s good for all of our economies,” Froman said. |
Those invited to meet with Froman seemed convinced that they could benefit from it. | |
“Good competition will be beneficial to both sides,” said Krzysztof Gogol, president of the management board of WealthArc, a financial technology startup. | |
Froman met with the entrepreneurs at the Google Campus in Warsaw, one of several hubs Google has established worldwide to help startups launch. | |
He met with representatives from five companies, taking time to learn about their operations while also talking to them about how the deal, often referred to as TTIP, might help them. | |
The most visible opposition to the deal was seen in Berlin last October, when 150,000 people demonstrated against it. | The most visible opposition to the deal was seen in Berlin last October, when 150,000 people demonstrated against it. |
Froman said Friday at the World Economic Forum in Davos that neither side has any interest in lowering standards, whether that be regulatory protections, safety standards or environmental requirements. | Froman said Friday at the World Economic Forum in Davos that neither side has any interest in lowering standards, whether that be regulatory protections, safety standards or environmental requirements. |
During his visit Froman is also meeting with Polish leaders. A new round of negotiations on the deal is to take place next month. | |
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This version corrects the spelling of the first name of Krzysztof Gogol. | |
Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. | Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. |