Cars, cosmetics, drugs on U.S.-EU free-trade talks short list

Cars, cosmetics, information technology and medicines are among the industries earmarked for potential gains in trade talks between the European Union and the United States, negotiators said on Friday. So far this includes autos, pharmaceuticals, cosmetics, medical devices, textiles, chemicals and information and communications technology, negotiators said. “These are sectors (where) both sides have indicated an interest in moving forward in terms of specific sectoral commitments,” Ignacio Garcia Bercero, the EU’s chief negotiator, told reporters as the third round of talks wound up in Washington. Economists estimate an ambitious trade accord could boost economic output in both the EU and the United States by more than $100 billion a year, with the bulk of gains from cutting costs imposed by bureaucracy and regulation.


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