BRUSSELS (Reuters) – The European Union will seek to increase the tempo of trade talks with the United States and set out its negotiating mandate for a deal to remove tariffs in the coming months, the Austrian presidency of the bloc said on Friday.
U.S. President Donald Trump, who has taken an aggressive stance on trade issues, agreed in July not to impose higher duties on EU cars while the two sides sought to improve ties in a number of fields, from regulatory cooperation to energy and a deal to remove tariffs on industrial goods.
Economy - Minister - Margarete - Schramboeck - Country
Austrian Economy Minister Margarete Schramboeck, whose country holds the six-month rotating EU presidency, said Europe had gained some time given that trade had not been the dominant theme before Tuesday’s U.S. mid-term elections.
“But no one knows how long this pause will last,” she told a news conference after chairing a meeting of national ministers responsible for trade.
Tempo - Negotiations - Scoping - Exercise - Preparatory
“We will step up the tempo of negotiations. We should conclude the scoping exercise, so the preparatory work for a negotiating mandate, before the end of the year and at the start of the next year, give a strong and clear negotiating mandate to the Commission.”
The executive European Commission handles trade negotiations on behalf of the bloc.
EU - Flexibility
The EU has shown flexibility by opening...
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