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NFTC Welcomes EU-U.S. High Level Working Group Report, Urges Meaningful Transatlantic Negotiations ASAP
Date: 6/20/2012

Washington DC – The National Foreign Trade Council (NFTC) today welcomed the release of the EU-U.S. High Level Working Group on Jobs and Growth’s “Interim Report to Leaders from the Co-Chairs,” detailing the group’s progress in discussions aimed at expanding transatlantic trade and investment.

“The U.S.-EU relationship is an important one, and we are pleased that steps are being taken to find ways to strengthen economic relations further by expanding transatlantic trade and investment,” said NFTC President Bill Reinsch. “While this report highlights the framework for a potential comprehensive agreement, it also outlines substantive issues still to be worked out. Rather than waiting to have every detail ironed out or creating more unnecessary bureaucracy before beginning actual negotiations, the NFTC urges the U.S. and EU to accelerate the process and move forward immediately with meaningful, results-oriented negotiations.”

“Because of the importance of expanding transatlantic economic relations, there are an abundance of transatlantic dialogues and fora – the EU-U.S. High Level Working Group on Jobs and Growth being one of them,” said NFTC Vice President for Regional Trade Initiatives Chuck Dittrich. “It is critical that the United States and EU hold negotiations that lead to tangible results, the opening of markets and an increase in regulatory compatibility, which will spur increased transatlantic economic activity and job creation.”