The Ottumwa Courier

AP National

July 30, 2013

US hopes trade talks will spur changes in Europe

WASHINGTON (AP) — The U.S. hopes negotiations for a free trade deal with the European Union will drive growth-oriented reforms in the EU economy, the top American trade official said Tuesday.

In a similar vein, U.S. Trade Representative Michael Froman said China's recent agreement to negotiate a bilateral investment treaty with the United States is a chance to press for economic reforms in the Asian giant that could level the playing field for American businesses.

Froman also told the U.S. Chamber of Commerce in Washington he was "cautiously optimistic" the U.S. could reach a major trade agreement with Pacific Rim countries by the end of the year despite some skepticism over that timetable after Japan's late entry into the talks.

Froman noted that the U.S. goal for all trade agreements currently being negotiated was to promote job creation here and bolster the middle class.

One key to success in newly launched talks on a Trans-Atlantic trade deal with Europe will be eliminating unnecessary regulatory barriers to trade, Froman said. And as Europe struggles to pull itself out of recession, he cautioned the bloc not to rely too heavily on exporting to the U.S. as a way out of its current problems.

The proposed Transatlantic Trade and Investment Partnership has raised great expectations of boosting growth and jobs by eliminating tariffs and other barriers that have long plagued economic relations. It would create a market with common standards and regulations across countries that account for nearly half the global economy.

Froman said both the U.S. and European markets are heavily regulated and have high standards when it comes to health, safety and environmental protection. But he said they must eliminate unnecessary differences and frictions in regulation that prevent a free flow of goods and services across borders.

Text Only
AP National
  • Obama voices skepticism on Russia in Ukraine WASHINGTON (AP) — President Barack Obama conveyed skepticism Thursday about Russian promises to de-escalate a volatile situation in Ukraine, and said the United State and its allies are ready to impose fresh sanctions if Moscow doesn't make good on i

    April 18, 2014

  • Late sign-ups improve outlook for Obama health law WASHINGTON (AP) — A surge of eleventh-hour enrollments has improved the outlook for President Barack Obama's health care law, with more people signing up overall and a much-needed spark of interest among young adults. Nonetheless, Obama's announcemen

    April 18, 2014

  • Cyber cops: Target hackers may take years to find WASHINGTON (AP) — Secret Service investigators say they are close to gaining a full understanding of the methods hackers used to breach Target's computer systems last December. But the agency says it could take years to identify the criminals who sto

    April 18, 2014

  • 10 Things to Know for Today Your daily look at late-breaking news, upcoming events and the stories that will be talked about today: 1. UKRAINIAN MILITIA DENIES CALLS TO FREE BUILDINGS Pro-Russian insurgents in the east who have been occupying government buildings say they will

    April 18, 2014

  • White House updating online privacy policy WASHINGTON (AP) — A new Obama administration privacy policy released Friday explains how the government will gather the user data of online visitors to WhiteHouse.gov, mobile apps and social media sites, and it clarifies that online comments, whether

    April 18, 2014

  • A year after background check defeat, modest goals WASHINGTON (AP) — Democratic worries about this November's elections, a lack of Senate votes and House opposition are forcing congressional gun-control supporters to significantly winnow their 2014 agenda, a year after lawmakers scuttled President Ba

    April 16, 2014

  • Court to weigh challenge to ban on campaign lies WASHINGTON (AP) — Negative campaigning and mudslinging may be a fact of life in American politics, but can false accusations made in the heat of an election be punished as a crime? That debate makes its way to the Supreme Court next week as the justi

    April 16, 2014

  • College Board provides a glimpse of new SAT WASHINGTON (AP) — Anxious students — not to mention their parents — can get a heads-up for how the redesigned SAT might look in two years. Sample questions for the new version of the college-entrance test were released on Wednesday by the College Boa

    April 16, 2014

  • End of NYPD Muslim surveillance program applauded NEW YORK (AP) — Muslim groups and civil liberties advocates applauded the decision by New York Police Department officials to disband a controversial unit that tracked the daily lives of Muslims as part of efforts to detect terrorism threats, but the

    April 16, 2014

  • 10 Things to Know for Today Your daily look at late-breaking news, upcoming events and the stories that will be talked about today: 1. NEARLY 300 PEOPLE ARE MISSING AFTER KOREAN BOAT SINKS The accident involving a ferry that was headed to a tourist island killed three passenger

    April 16, 2014

Obituaries
Record
Facebook
AP National