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Sunday, October 24, 2021

EU parliament committee backs start of trade tariff talks with United States

EU parliament committee backs start of trade tariff talks with United States© Reuters. A ship loaded with containers is pictured at Yusen Terminals on Terminal Island at the Port of Los Angeles

BRUSSELS (Reuters) – EU lawmakers voted on Tuesday narrowly in favor of the European Union starting negotiations with the United States on a deal to lower tariffs on industrial goods.

The European Parliament’s international trade committee voted by 21 to 17 on a resolution encouraging the 28 EU countries to back negotiating mandates put forward by the European Commission.

The resolution, which will go to a vote by the full chamber in March, is not binding, but has a bearing on possible talks with the United States, given that the parliament would have to approve any deal agreed.

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Source: Investing.com

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