Commissioner De Gucht also stressed the positive impact of a deal on the rest of the world. “At the most basic level, we predict that our trading partners are likely to see direct economic benefits from this deal, probably somewhere in the region of 99 billion euro. This is because much of the liberalization we aim for would not discriminate against our other trading partners but rather benefit them too. Beyond this however, is a larger possibility that this agreement will contribute to global trade liberalization by acting as a trade policy laboratory.”
Commissioner De Gucht said “this agreement will be a way for the EU and the U.S. to lead by example, demonstrating the benefits of stronger rules to implement the principle of open markets, rules that will benefit all countries in the ever-more-integrated global economy.”
Full speech from EU-U.S. Business Leaders Roundtable
Commissioner De Gucht’s website