Irish presidency eyes EU-US trade deal

You are here: Main page »» Events »»
 0 comment Line Spacing+- AFont Size+- Print
Line Spacing+- AFont Size+- Print

Baku, December 18 –

Ireland takes over the EU presidency for six months on January 1st.

Dublin says its main priority is “getting the European economy back on track” with boosting jobs and growth at the top of its agenda.

Irish Deputy Prime Minister Eamon Gilmore told euronews why opening talks on an EU-US free trade deal to eliminate tariffs and other barriers is so important in acheiving that goal.

“Clearly if one can get the potential of the two economies across the Atlantic, a massive European economy 500 million people and the huge United State economy, a free trade agreement has enormous potential to grow both economies, create jobs and to bring greater prosperity to both the United States and to Europe,” he said.

Agreeing a deal would come at an opportune moment for both Europe and the United States: the eurozone remains mired in crisis and US politicians are bicker over how to solve their country’s huge debt pile.

A free trade deal would boost exports on both sides of the Atlantic. The US Chamber of Commerce estimates that it will add more than 130 billion euros to both economies inside five years.

The Irish government’s in-tray is piled high with other important issues. It wants to make further progress made a eurozone banking union, including a deal on legacy bank debt amid stiff opposition from Berlin.

If EU leaders can agree early next year on the 27-member bloc’s budget, Ireland will also be charged with steering it through the European Parliament. /

Related articles

Featured sections

Azərbaycanın xarici ölkələrdəki diplomatik nümayəndəlikləri twitterdə

↳Yeni layihə

Foreign press

What peace could mean for the South Caucasus
23 February 2021

What peace could mean for the South Caucasus

The South Caucasus is a region historically known for its instability, largely because it has stood at the intersection of the zones of influence of first Byzantium and Iran, then the Ottoman Empire and Iran, and finally between Russia, Iran and Turkey.

German portal highlights burning of houses by Armenians before Kalbajar handover
17 November 2020

German portal highlights burning of houses by Armenians before Kalbajar handover

The portal says the Armenians must pull out from the district according to the agreement between Azerbaijan and Armenia, brokered by Russia.