Germany eyes talks on ‘unique’ transatlantic trade deal with U.S. in summer

Fourth Estate Cooperative Staff

Berlin, Germany (4E) – Untied States Secretary of State John Kerry on Tuesday disclosed President Barack Obama’s plans of a unique ‘transatlantic free-trade deal’ – an accord that could create job opportunities and eventually bring economic growth to people living on both sides of the Atlantic.

Kerry’s comments came shortly before his meeting with German Chancellor Angela Merkel in Berlin.

“We think this is something that can help lift the economy of Europe, strengthen our economy, create jobs for Americans, for Germans, for all Europeans and create one of the largest allied markets in the world,” said Kerry. “It will help raise standards, it help break down barriers and we believe it is good for all of us,” the secretary added.

The U.S. hopes to seal a deal with the European Commission next year. However, Germany insists to push the 18-month timeframe forward so that the negotiations could start as early as summer this year.

Following his meeting with Kerry, German Foreign Minister Guido Westerwelle said, “A free-trade deal would create growth and new jobs and that growth could be created without new debt.”

European Commission President Jose Manuel Barroso welcomed the plan and said that such a deal between the two biggest trading blocs of the world would add 0.5 percent to European bloc’s economy annually.

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