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Michel Barnier: Creating free trade deal with US could take three years (FULL Interview)

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A drive to create the world’s largest free trade zone could take up to three years, it’s been claimed.

European commissioner Michael Barnier, in an exclusive interview with euronews, called for the agreement to be “fair, free and balanced”.

Barnier, commissioner for internal market and services, said the discussions were complex and could take one, two or even three years to complete.

Direct tariffs on goods and service are already low between the US and Europe, but there are other barriers — such as regulatory and safety standards — that, if lifted, could reduce the costs of doing transatlantic business.

The interview with Barnier was the culmination of a special month on the single market, which has seen the European Union ask for views on the issue.

The debate has focused on four main themes around the economic crisis: employment, social rights, banking and e -commerce.

The single market , established in 1992, involved 345 million people in 12 countries. It has open borders for people , services and goods. The single market then was responsible for about โ‚ฌ800 billion of trade.

Today, 28 countries are part of the single market , which now includes 500 million people . It generated โ‚ฌ2,540 billion of trade in 2010.

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3 Comments

3 Comments

  1. @oelergodt

    May 13, 2024 at 9:47 pm

    Actually I was wrong the fee is not 50, but 160 kr. (โ‚ฌ21,48)… doesn't make it better, though.

  2. @Kangkhao

    May 13, 2024 at 9:47 pm

    All trades are already almost tax free.
    All these secret negociations are about deregulations and giving the right to transnationals to sue governments.

  3. @oelergodt

    May 13, 2024 at 9:47 pm

    A free trade deal is not deregulation.

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Latest news bulletin | October 8th, 2026 โ€“ Evening

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Trump and Xi vow cooperation amid ‘healthy competition’ at the White House

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Poland and Ukraine slam Russian strike on train near their border as ‘escalation’

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How would Ukraine’s farmers be treated in the EU?

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