Vladimír Urbánek (Kurzy.cz)
Czech republic  |  February 14, 2013 13:50:41

The Czech Republic supports the intention to negotiate a free trade agreement between the European Union and the United States

CZECH REPUBLIC supports the intention to arrange a FREE TRADE AGREEMENT BETWEEN THE EUROPEAN UNION AND THE UNITED STATES OF AMERICA, who arrived on Wednesday with INFORMATION THAT WILL WORK TO START NEGOTIATIONS FOR COMPLEX BILATERAL TRADE AGREEMENT. LONG EXPECTED STATEMENT ISSUED catastrophic EU leaders I USA - PRESIDENT OBAMA, President Barroso and European Council President Van Rompuy. That decision came on a report from a joint working group, more than a year analyzed POSSIBILITY OF SUCH EXTENSIVE BUSINESS TRADE AGREEMENT.

Czech Republic welcomes the news that was officially declared the highest-level bilateral EU and the U.S. will start negotiations on a free trade agreement. "Czech Republic is a long-time advocate of free trade. I believe that trade is a key source of growth for our export-oriented economy, and that in this context, there is still a large untapped potential across the Atlantic. Our main aim will be to obtain an agreement a new approach for Czech companies to the U.S. market and with regard to other contractual relationships also connectedness to other markets with which the U.S. and the EU negotiated a free trade agreement, "said Minister of Industry and Trade Martin Kuba, with the duly negotiated agreement also contribute to the development of the multilateral trading system represented by the WTO.

Cuba also reminds that Czech entrepreneurs often point to the existing obstacles to the further development of trade with the U.S., particularly in the regulatory area. "We believe that the agreement, as contemplated, would be able to eliminate.Now it is necessary to properly report of the study, and on this basis, prepare a mandate for negotiations with the U.S. on behalf of the Member States and in accordance with consultations with them will lead the European Commission, "he said.

It is obvious that the free trade agreement between the EU and the U.S. would be an unprecedented major trade agreement at all. Currently, the EU and the U.S. produces almost half the world's GDP, their trade volume reaches one third of total world trade. Every day, while the EU and the U.S. is trade in goods and services for two billion euros. The conclusion would, according to preliminary estimates, the EU's GDP increased by 0.5 percent.

Source: TZ MIT

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