The new document includes proposals that seek to respond to US interests, including international labor rights, environmental norms, economic security and a gradual reduction of tariffs.
European Union seeks to send a reviewed commercial proposal with the United States, in an attempt to reactivate negotiations with the administration of President Donald Trump. The document, which will be sent to Washington officials earlier this week, also outlines mutual investments and strategic acquisitions in energy, artificial intelligence and digital connectivity.
According to sources aware of the subject, The new document includes proposals that seek to respond to US interests, including international labor rights, environmental norms, economic security and a gradual reduction of tariffs until reaching zero in non -sensitive agricultural products and industrial goods, according to sources with direct knowledge of the issue.
Balance, the word that resonates in the EU
“The EU seeks to cooperate with the US and aspires to reach a balanced and mutually beneficial agreement,” said sources close to the process. However, both parties continue to evaluate each other and, according to one of the sources, The European Commission will probably need a formal mandate of the Member States before initiating official negotiations.
EU officials and several European governments remain skeptical about the administration of Donald Trump to share the same objectives. According to the sources, they insisted before their counterparts that The prosperity of both sides of the Atlantic is deeply interrelated.
At the same time, The EU advances in the preparation of countermeasures in case the negotiations do not produce a satisfactory result.
Source: Ambito
