Talks to create the world's biggest free-trade zone between the E.U. and U.S. are going to start amid a controversy of spying to their allies by U.S. agencies and demands of protected industries.
France for example has demanded protection for its film and television industry.
France for example has demanded protection for its film and television industry.
"Direct tariffs on goods and services between the two are already low, but there are other barriers such as regulatory and safety standards, inspection procedures, and preferences for domestic business.
Removing these could significantly reduce the costs for companies doing transatlantic business".
"Last year, trade in goods between the United States and the EU was worth some 500bn euros ($650bn), with another 280bn euros ($359bn) in services and trillions in investment flows".
Source : BBC
