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European Union Ambassador to the U.S. Joao Vale de Almeida on the launch of free -trade talks between the EU and U.S. and how it would impact U.S. job...
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-- to call thanks that the US the opinion of announcing an agreement to at least launched talks for -- transatlantic free trade deal.
But what would eight freight free trade deal mean for jobs here in America we have issue I'll -- de -- -- -- to -- to the US with us now from DC thank you surfer.
Coming on and we're gonna have approached this at least tried to from the perspective of the United States and what this means for US jobs so in the middle of the negotiations somebody comes up to -- -- from the US.
What's -- it for us what's your answer going to be what's the argument.
Well I think there's a lot for Americans and there's a lot for Europeans I think this is a win win situation I think this means more jobs.
More growth through increased trade I think -- investment on both sides of the Atlantic this is this is the name of the game when we're talking about.
A transatlantic.
Trade and investment partnership with talking about the Basel the biggest economic.
Block in the world right now is already at how to trade at one of the numbers I saw was almost two point seven billion dollars -- -- going back and forth so this is already happening what with the big change they just cut out the tariffs and while that the -- -- we want to reduce started that not too high but.
There's still there.
We want to reduce non tariff barriers you know all sorts of administrative and regulatory obstacles to trade and investment we want to bring them down that don't make sense after -- And we also want to be -- about one point in doing so we put ourselves in the event -- strong position as regards emerging economies because we can.
Have -- -- leverage over the way that globalized economy is organize.
Now when this this.
Similar type discussion was taking place in the nineties when they were talking about NAFTA.
A lot of the same -- verbiage was used the same arguments were made and then after I'd been in place some people come back it said boy we didn't really get.
All that we bargained for here there were and you know there's two sides this but sense of -- word there were jobs lost not gained in.
And people started to worry about US jobs leaving as a result of -- put too much free trade what do you say to people who make that argument arrest those questions well first of all.
This will be a tough negotiation I mean that's clear that interest -- there and everybody will be fighting for.
Their -- points but I think again this is a win win situation if you look at the situation of the markets today our economy's needs.
A recovery boost that this will be a recovery boosted this will mean that.
It will be easier to.
To have business operating in the two markets with talking about eight few hundred million consumers.
About hi level but -- power across across Atlantic don't we're talking about you know for -- affecting the -- of business and in doing so.
Creating more jobs on both -- don't you needed -- -- -- -- you being Europe I mean European economies are still not in the best shape not that we're necessarily.
Going great ourselves but -- -- Europe has been or oral message has few years that you -- more than we do.
I think we both maybe this is again a win win and I listened to President Obama was of the Capitol Hill last night and I was -- -- Transatlantic trade and investment is creating millions of jobs around Atlantic we believe it can create even more.
But by working together we can create jobs also in other areas of the world for our company's open markets bring down.
Non tariff barriers group and addressing some issues that the our new friends in China Brazil and India need to be very attentive to.
-- enough we'll keep following it as it as the negotiations get going get started job valley to Alameda U the EU ambassador to the US thanks a lot.
