Minister Bruton secures historic mandate to start EU-US trade talks

17th June, 2013

Potential for 400,000 new jobs and boost to EU GDP to 0.5%.

Jobs, Enterprise and Innovation, Richard Bruton TD, today secured agreement among EU Trade Ministers that will enable the start of negotiations between the EU-US on a new trade deal.

“The transatlantic trading relationship is the most significant in our global economy, accounting for more than 15 million jobs on either side of the ocean. But its full potential is far from being tapped. A new deal offers significant opportunities to indigenous firms in all sectors to export to the huge US market. It will also benefit US firms in Ireland who already employ over 115,000 people directly.”

“I want to thank sincerely my fellow EU Trade Ministers for the commitment they have shown in recent months to reaching agreement on a mandate to allow negotiations to start.”

Minister Bruton was today chairing a meeting of the EU’s Trade Council in Luxembourg. Trade Ministers from all EU Member States attended, as did the EU’s Commissioner for Trade Karel De Gucht.