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

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2 years ago

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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 €800 billion of trade.

Today, 28 countries are part of the single market , which now includes 500 million people . It generated €2,540 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. (€21,48)… 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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More world leaders arrive in Doha to honour Qatar’s former emir

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July 19, 2026

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More world leaders arrive in Doha to honour Qatar’s former emir

European delegations continued to arrive in Qatar on the third day of national mourning, with France, Germany and Britain among those sending senior representatives, as Iran’s foreign minister, the UAE president, Jordan’s king and Palestinian president also paid their respects.

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Australia’s new $69 million library becomes home to a copy of Shakespeare’s First Folio

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July 19, 2026

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Australia’s new $69 million library becomes home to a copy of Shakespeare’s First Folio

Australia’s Museum of Old and New Art (MONA) has opened its highly anticipated new library, featuring 30,000 items, including Shakespeare’s First Folio. The collection ranges from children’s books and artworks to rare books and historic maps.

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Latest news bulletin | July 16th, 2026 – Morning

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July 19, 2026

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Latest news bulletin | July 16th, 2026 – Morning

Catch up with the most important stories from around Europe and beyond this July 16th, 2026 – latest news, breaking news, World, Business, Entertainment, Politics, Culture, Travel.

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Latest news bulletin | June 25th, 2026 – Morning

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July 19, 2026

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Latest news bulletin | June 25th, 2026 – Morning

Catch up with the most important stories from around Europe and beyond this June 25th, 2026 – latest news, breaking news, World, Business, Entertainment, Politics, Culture, Travel.

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Queen Elizabeth’s coffin travels from Buckingham Palace to Westminster

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July 19, 2026

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The coffin with late Queen Elizabeth II’s body travels from Buckingham Palace to Westminster through central London on a gun carriage, with the king and other royals walking behind.

It will be placed in Parliament’s medieval Westminster Hall, where the Archbishop of Canterbury will conduct a short service. The queen will then lie-in-state for four days, until the morning of her funeral. Members of the public will be able to pay their respects and troops will keep a round-the-clock vigil.

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