Publication

The United States, under President Barack Obama, has taken the initiative to revive an old idea: to create a free trade area encompassing the European Union and the United States. According to the timeline accepted on both sides of the Atlantic, negotiations aimed at creating such a bloc will begin in late-spring of 2013 and conclude two years later. This would unite two trading partners that account for nearly half of the world economic output and 30 per cent of world trade.