U.S., EU Pledge Work on Regulatory Trade Barriers

(Reuters – Doug Palmer)

The United States and European Union pledged on Tuesday to work to reduce regulatory barriers that impede trade across the Atlantic, but said a free-trade pact was not in the cards right now.

“The goal ... is to build on the already very deep and broad relationship we have between the U.S. and the European Union to find further ways to integrate our economies,” said Michael Froman, White House deputy national security adviser. He spoke after a meeting of the Transatlantic Economic Council (TEC), a U.S.-EU forum created in 2007 with the goal of creating a “barrier-free” transatlantic marketplace. Read more here.