US-EU Free Trade Agreement Gains Momentum
Posted at 12:45 p.m. on Dec. 6, 2012
David Ignatius previews what could become a major trade initiative in President Obama’s second term.
“The idea is free trade — specifically, a trans-Atlantic free-trade agreement — which I’ll optimistically call ‘TAFTA.’… Clinton is said to envision an ‘economic NATO’ — a comprehensive agreement covering trade in goods, services, investment and agriculture.”
“It would enhance trade and investment flows that are already powerfully established… Trade between the United States and Europe isn’t a matter of sweatshop competition; labor standards in Europe are, if anything, higher than in the United States.”