Leaders on both sides of the Atlantic have given the green light to start negotiations for a free trade agreement establishing the largest economic alliance in the world, which already accounts for some €455bn in trade and millions of jobs. “We are committed to making this relationship an even stronger driver of our prosperity,” US President Barack Obama, European Council President Herman Van Rompuy, and European Commission President José Manuel Barroso said in a joint statement.
“A future deal among the two most important economic powers will be a game changer. Together we will form the largest trade zone in the world,” added Barroso during a press conference in Brussels, presenting the recommendations of the high-level working group on growth and jobs, established at the EU-US summit in November 2011 to scope out the ambitious trade deal.
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