March 6th, 2013
07:22 AM GMT
Share this on:

Hong Kong (CNN) – The United States may be on the cusp of the cheapest stimulus package its citizens can imagine - in the form of a  free trade agreement with the European Union across the Atlantic Ocean, according to Karel de Gucht, the EU’s trade commissioner.

But Mexico's candidate for the top job at the World Trade Organization said a deal between the two could pose problems in Geneva.

“The challenge that is posed by the negotiations between the EU and the US is enormous,” said Herminio Blanco.

“We think it's a no-brainer that the United States and Europe should be in negotiations to have a comprehensive, ambitious agenda to not only lower tariffs…but also to deal with regulatory issues, to deal with services,” said Myron Brilliant, senior vice president for international affairs at the US Chamber of Commerce to CNN’s Richard Quest.

Responding to Quest’s challenge that such an endeavor could not be achieved in “our lifetime”, Brilliant said he is mistaken.

“I'll tell you why you're wrong about that. The United States needs jobs. We have an OK economy. We've seen a resurgence in manufacturing. We've seen a potential for a reduction of energy prices, right? But we need a global economic agenda.”

In a lively exchange best watched in the video here or above, Brilliant said the biggest impediments to US-EU success for a free trade agreement - already valued at $5 billion - is regulatory.



soundoff (11 Responses)
  1. freedomnow66

    On the surface who could disagree, bring trade tariffs and barriers down.. unfortunately I can't help think that the only people to really benefit will be the banksters and heads of massive global corporations, these people have no regard for the rest of us and there only agenda is them!!!!!

    March 7, 2013 at 3:52 pm |
  2. Trevon

    What Price World Trade? If you want to keep your Country employed then buying goods from the cheapest source (ie Asia, India etc) is counter productive. Our Politicians need to identify this and ensure that INCOUNTRY manufacturing is protected over imports WITH protective tariffs. Asia is growing rich with our shortsighted obsession with cheap imported products. CNN is running programs regarding the tilt in power to the East. It is completely our own fault.
    As a free spinoff INCOUNTRY products would automatically reduce carbon emissions (due to international shipping).

    March 15, 2013 at 1:32 am |
  3. Mr. Shahislam

    We can CONVERT to be run by Natural Gas (as in Bangladesh most vehicles have been converted by an easy & cheap modification in gasoline and diesel engines.), but still the royal middlemen will take the better chunk at gas-pump
    We have disarm the royal thugs. No more private guns but only in hands of policing only, no more old politics of kings or religious but honest global folks.

    04:26 PM – 15 Mar 13

    Favorited by
    .

    March 16, 2013 at 3:01 pm |
  4. SBA Loans and Fast Micro Loans Are a Specialty

    The Mission of Sunovis is to Help Rebuild The US Economy, One Loan and One Business At a Time. Small Businesses, SBA Loans and Fast Micro Loans Are a Specialty. The Sunovis founders and professionals will help you achieve your goals. Sunovis Also Helps Small Banks With SBA Loan Services.
    Sunovis professionals are very experienced in ALL aspects of lending, with more than 100 years of combined experience in banking.
    GoTo:>> http://www.sunovisfinancial.com

    March 19, 2013 at 5:32 pm |
  5. famy

    ดี

    April 13, 2013 at 11:55 pm |
  6. nicolalaris74

    Long term instant loans, same day long repayment loans, long term money loans, £500 loans long term. Compare as many online offers of the cash from the lending companies and settle for the one that does not include any additional or hidden payments.

    April 18, 2013 at 8:51 am |
  7. Hale Anderson

    Sorry, but Quest is too forced in manner, fails, so 20th century, and so disgustingly pseudo intellectual.

    July 19, 2013 at 7:12 am |
  8. MR RICH QUEST: PANATAG

    anaheim
    pantalon ngaaaaaaaaaaa
    IN CASE OF EMERGENCY
    PLS APPREHEND/ POST T T ! ! !
    CULTURAL BACKGROUND

    adjusting sa mga pagkawala
    "e-x-p-r-e-s-s-w-a-y" ECTAG
    clearest cases of human rights violations*
    Proven authorities declaration
    stationed in PUBLIC PLACES
    *** *** *** *** *** *** ***

    August 5, 2013 at 12:18 am |
  9. m.s.mohamed ansari

    16-08-2013
    M.S.MOHAMED ANSARI

    100% I CANT RECOVER GLOBAL ECONOMY WITHIN 3 DAYS IF YOU ARE ABLE TO CONTROL THE MEDIA AND PRESS AS PER MY DIRECTION

    THANKING YOU

    August 16, 2013 at 3:07 am |
  10. m.s.mohamed ansari

    Please ignore war save the global economy this questing is money
    Please tell me correct answer 10
    1. Who will control by global .queen or press media
    2. Big mistake Iraq war. Intelligent agency or global leader
    3. Press and media work created news or natural news
    4. All Arabs country leader in shia . law is sunny so major population sunny Islam not allowed kingdom
    5. Election. Pooling system or designing world
    6. All bank financing system control by each country reserve bank or Microsoft
    7. All country was democracy or again British control
    8. World censor board somebody control or no
    9. White house functions indojowal or house of command. Hose of lord
    10. in future human right policy .each every country equal currency and open emigration policy all country

    August 30, 2013 at 9:05 am |
  11. m.s.mohamed ansari

    yes i am an political astrologer Tamil Arabic English roman numerical and max analyzer
    i am promise to say never recover global economic
    global control by congress +100 congress control by BBC,bbc control by queen Elizabeth queen Elizabeth was Jews not Cristin
    100% I CAN RECOVER GLOBAL ECONOMIC WITHIN 72 HOURS IF YOU ARE ABLE TO CONTROL THE MEDIA AND PRESS AS PER MY DIRECTION
    MDCCLXXVI +114 HISTORY + 114
    THANKING YOU

    October 8, 2013 at 4:38 am |

Post a comment


 

CNN welcomes a lively and courteous discussion as long as you follow the Rules of Conduct set forth in our Terms of Service. Comments are not pre-screened before they post. You agree that anything you post may be used, along with your name and profile picture, in accordance with our Privacy Policy and the license you have granted pursuant to our Terms of Service.

About Quest Means Business

Quest Means Business airs Monday to Friday, 1600 New York and 2100 London, and is hosted by Richard Quest.

 

 

 
 
Powered by WordPress.com VIP