This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-22943170
The article has changed 6 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| EU and US 'in biggest trade deal' | EU and US 'in biggest trade deal' |
| (35 minutes later) | |
| UK Prime Minister David Cameron has announced plans for what could be "the biggest bilateral trade deal in history" between the EU and the US. | UK Prime Minister David Cameron has announced plans for what could be "the biggest bilateral trade deal in history" between the EU and the US. |
| He announced the start of formal negotiations on a trade deal worth hundreds of billions of pounds, aimed at boosting exports and driving growth. | |
| Mr Cameron said a successful agreement would have a greater impact than all other world trade deals put together. | Mr Cameron said a successful agreement would have a greater impact than all other world trade deals put together. |
| The talks were announced ahead of the G8 summit in Northern Ireland. | The talks were announced ahead of the G8 summit in Northern Ireland. |
| US President Barack Obama said the first round of negotiations would take place in Washington in July. They aim to conclude by the end of 2014. | US President Barack Obama said the first round of negotiations would take place in Washington in July. They aim to conclude by the end of 2014. |
| Mr Obama said he was confident of reaching an agreement. | Mr Obama said he was confident of reaching an agreement. |
| "There are going to be sensitivities on both sides... but if we can look beyond the narrow concerns to stay focused on the big picture... I'm hopeful we can achieve [a deal]." | "There are going to be sensitivities on both sides... but if we can look beyond the narrow concerns to stay focused on the big picture... I'm hopeful we can achieve [a deal]." |
| 'Once in a generation' | |
| Mr Cameron said the deal could be worth £100bn to the EU economy, £80bn to the US and £85bn to the rest of the world. | |
| He said the pact could create two million jobs, and lead to more choice and lower prices in shops. | |
| "This is a once-in-a-generation prize and we are determined to seize it," said Mr Cameron. | |
| Herman Van Rompuy, the president of the European Council, said: "Together Europe and the United States are the backbone of the world economy. Opening up that space further for opportunities for business and consumers is simply common sense." | |
| The trade talks had been under threat from a potential veto from France, but on Friday EU ministers agreed to French demands to exclude the film and television industry from the talks. | |
| Some had argued that omitting the media business from the trade talks even before they had begun could prompt the US to seek exemptions for other sectors. |