EU Trade Commissioner Catherine Ashton and US Trade Representative Susan Schwab met in Brussels on Tuesday to renew their commitment to the early conclusion of the Doha Round of world trade talks and discuss a number of bilateral trade issues.
Following the meeting, Commissioner Ashton said: "With leadership and determination, a Doha deal is within our grasp as the details of a final agreement could be agreed within weeks. It's very important that the G20 meeting in Washington on November 15 send a clear signal to negotiators to achieve this objective. The EU and the US will continue to provide leadership to maintain the openness that has brought growth and prosperity in the past decades."
USTR Schwab added: "At this critical time it is all the more important that we not only avoid retrenchment in market opening, but move ahead with an ambitious and balanced Doha Round that creates new trade flows and generates economic opportunities worldwide."
Trade flows across the Atlantic are currently worth around EUR1.7bn (USD2.1bn) every day. However, trade disputes between the two camps have arisen on a frequent basis. Recently, the US has challenged EU tariffs on information technology products, and there is an ongoing dispute between the two sides over tariffs on beef hormones.
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