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Commissioner Malmstrom says after EU states approved limited trade talks with US (opposed by FR) 'we’re now ready to move into next phase of EU-US relations.' Was 'essential step to prevent potentially damaging trade war & end self-defeating cycle of measures & countermeasures.'
Malmstrom says the proposed deal, covering industrial goods, will increase EU exports to US by 8% & US exports to EU by 9%. Insists: 'Agriculture will certainly not be part of these negotiations. This is a red line for Europe. TTIP is in the freezer...obsolete.'
Malmstrom confirms UK will be involved in the EU-US trade talks now that Article 50 has been extended: 'As long as the UK is a member of the EU they will of course be adequately informed and engaged as any other [Member State].' How active UK will be though is another question.
