Washington DC – The National Foreign Trade Council (NFTC) today welcomed the announcement by President Obama, European Commission President Barroso and European Council President Van Rompuy that the United States and the European Union will be launching negotiations on a Transatlantic Trade and Investment Partnership (TTIP) agreement.

The NFTC released the following statement:

"We welcome today's announcement that trade negotiations between the United States and European Union will launch in July. The U.S.-EU relationship is an important one, and establishing a TTIP agreement will only further expand market access, grow the U.S. economy, increase exports and create American jobs.

"We look forward to a successful conclusion to the negotiations, and encourage negotiators to continue to work toward an ambitious and comprehensive agreement."

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About the NFTC
Advancing Global Commerce for Nearly A Century- The National Foreign Trade Council (www.nftc.org) is a leading business organization advocating an open, rules- based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York.
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