US trade talks could boost UK economy by £10bn

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    Jul 07, 2013 6:24 PM GMT
    Free-trade talks between Europe and the US this week could be worth £10bn to the UK economy, it has been claimed.

    Negotiations over a deal to create the world’s largest open trade area are due to begin in Washington today, with Prime Minister David Cameron saying an agreement would be worth £380 a year to every household in Britain.

    If successful, the landmark Transatlantic Trade and Investment Partnership talks could add £100bn annually to the European economy, £80bn to the US and £85bn to the rest of the world. It could also create millions of jobs.

    Mr Cameron has made starting the bilateral negotiations a priority of his G8 presidency, with Britain calling the talks a “once-in-a-lifetime” opportunity.
    Both sides will attempt to eliminate import duties on goods traded between the two economic superpowers, a move which would be expected to boost exports and result in cheaper goods for consumers.

    More than $485bn (£325bn) worth of goods were traded between the US and Europe in the first nine months of 2012.

    A deal would create a trading bloc encompassing nearly half of the world’s economic output.

    http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/10165420/US-trade-talks-could-boost-UK-economy-by-10bn.html
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    Jul 07, 2013 6:28 PM GMT
    Ex_Mil8 saidFree-trade talks between Europe and the US this week could be worth £10bn to the UK economy, it has been claimed.

    Negotiations over a deal to create the world’s largest open trade area are due to begin in Washington today, with Prime Minister David Cameron saying an agreement would be worth £380 a year to every household in Britain.

    If successful, the landmark Transatlantic Trade and Investment Partnership talks could add £100bn annually to the European economy, £80bn to the US and £85bn to the rest of the world. It could also create millions of jobs.

    Mr Cameron has made starting the bilateral negotiations a priority of his G8 presidency, with Britain calling the talks a “once-in-a-lifetime” opportunity.
    Both sides will attempt to eliminate import duties on goods traded between the two economic superpowers, a move which would be expected to boost exports and result in cheaper goods for consumers.

    More than $485bn (£325bn) worth of goods were traded between the US and Europe in the first nine months of 2012.

    A deal would create a trading bloc encompassing nearly half of the world’s economic output.

    http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/10165420/US-trade-talks-could-boost-UK-economy-by-10bn.html


    What? You mean trade doesn't mean that the British will steal American jobs? Stop the presses.