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EU/U.S. Leaders Welcome Interim Report by High Level Working Group on Jobs and Growth

A new report by the EU-U.S. High Level Working Group on Jobs and Growth highlights opportunities to deepen and broaden the transatlantic trade relationship.

 

Leaders on both sides of the Atlantic welcomed the interim report, noting that bold initiatives to expand trade and investment could significantly contribute to their jobs and growth strategy.

“We are encouraged by the Report’s analysis of the benefits of an ambitious and comprehensive market opening arrangement for agricultural and manufactured goods, services and investment, the identification of ways to promote compatible regulatory approaches and tackle behind-the-border barriers, and possible approaches to intellectual property rights,” said a joint statement by U.S. President Barack Obama, European Commission President José Manuel Barroso and European Council President Herman Van Rompuy.”A strong outcome can enhance not only transatlantic economic ties, but also address shared market access challenges in third countries and encourage a forward-looking multilateral trade liberalization agenda.”

Ambassador João Vale de Almeida, Head of the European Union Delegation to the United States, pointed out that the report is “good news  for our economies because of the potential it creates for growth and jobs, and good news for the EU-U.S. partnership because it shows that working together, we serve our citizens better.” But above all, “the report makes clear the high level of ambition and the comprehensive nature of what we want to achieve.”

The High Level Working Group on Jobs and Growth, led by U.S. Trade Representative Ron Kirk and EU Trade Commissioner Karel De Gucht, works to to identify policies and measures to increase EU-U.S. trade and investment to support mutually beneficial job creation, economic growth, and international competitiveness.

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