News Column

Trade Deal Could Be 'Biggest in History'

June 17, 2013
container ship

The free trade negotiations being launched by the European Union and the United States could be the "biggest bilateral trade deal in history," British Prime Minister David Cameron said Monday.

"This is a once-in-a-generation prize and we are determined to seize it," Cameron said, highlighting its potential boost to the global economy and jobs on both sides of the Atlantic.

US President Barack Obama spoke of a "potentially groundbreaking partnership," while warning both sides to resist "the temptation to downsize our ambitions or avoid tough issues just for the sake of getting a deal."

"We cannot expect to harvest new jobs today, we can plant the seeds for the jobs of tomorrow," EU President Herman Van Rompuy said of the talks, which are due to begin next month.

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Source: Copyright 2013 dpa Deutsche Presse-Agentur GmbH

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