Date: 3 months ago   Category: Economy

The European Union and the USA have resumed trade negotiations at the high level


The USA in June has introduced duties on goods from the EU, in July the European Union has entered reciprocal. Trade war has stopped when it was succeeded to agree about discussion of controversial issues. A current meeting - continuation of the reached agreements
of
the European Union and the United States of America have resumed trade negotiations.

Negotiations have begun on September 10 after July arrangements on the temporary termination of trade war.

Cecilia Malmstrem, the European Commissioner for trade, has arrived in Washington for participation in negotiation process. She has reported about it on Twitter: "Perspective meeting with the US Trade Representative Robert Laytkhayzer today. The first opportunity to start July statements of presidents Juncker and Trump in work". Forward-looking meeting w @USTradeRep Robert Lighthizer today. A first opportunity to put into motion & operationalise the July statement by Presidents @JunckerEU & @RealDonaldTrump. We discussed how to move forward and identify priorities on both sides, and how to achieve... 1/2 pic.twitter.com/AhzM9rDT5L

- Cecilia Malmstr? m (@MalmstromEU) on September 10, 2018. We will remind, since June 1 the USA has established duties on steel and aluminum from the European Union, Canada and Mexico. In reply to the EU has introduced duties on the American goods (tobacco products, alcohol, food, clothes, other) since July 1.

Is later, in July, the president of European Commission Jean-Claude Juncker and the U.S. President Donald Trump managed to reach the agreement on suspension of introduction of any additional tariffs while negotiations and also are conducted on work on reform of the WTO.

As has declared to Malmstrem, the parties have defined priorities and have discussed how to move forward for achievement of results both in short-term, and in the medium term. According to her, a lot of work in close contact of the European and American services will be done in the fall. After the meeting with Laytkhayzer in October the technical meeting of services is planned.

As was reported earlier, despite arrangements Trump threatened to impose a 25 percent tax on the European cars.

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