U.S.-EU FTA Talks Chart a New Path for Global Trade

The U.S.-European Union “Transatlantic Trade and Investment Partnership” negotiations, which were launched last month, are the biggest consolation prize in the history of international trade liberalization. Since the end of World War II, the United States and Europe, as the world’s two economic superpowers, have led successive rounds of global negotiations that slashed import tariffs, removed quotas and greased the wheels of international commerce. The last and biggest round, which created the World Trade Organization in 1994, was, like the seven others before it, essentially a U.S.-EU agreement with the rest of the world along for the ride. Few at […]

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