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.
Most Popular Stories
- Obama Administration Releases Proposal to Regulate For-Profit Colleges
- Koch Brothers Step up Anti-Obamacare Campaign
- Elizabeth Vargas' Husband Marc Cohn Addresses Rumors
- Keurig Adds Peet's coffee, Alters Starbucks deal
- U.S. to Relinquish Gov't Control Over Internet
- Quiznos Files for Chapter 11
- SoCalGas Reaches Record Spend on Diversity Suppliers
- U.S. Consumer Sentiment Falls in Early March
- Vybz Kartel Convicted of Murder
- FDIC Sues Big Banks Over Rate Manipulation