Is There a Free Trade Agreement between Eu and Us

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As a copy editor with a keen eye for SEO, I can confirm that the question “is there a free trade agreement between EU and US” is one that is commonly asked by internet users. With the ongoing discussions surrounding trade negotiations between these two economic giants, it is not surprising that there is an interest in the existence of a free trade agreement.

To answer the question succinctly, there is currently no free trade agreement between the European Union (EU) and the United States (US). However, the two sides have been engaged in talks for several years in an effort to establish such an agreement.

The initial negotiations began in 2013, and the proposed agreement was named the Transatlantic Trade and Investment Partnership (TTIP). The goal of the TTIP was to reduce trade barriers and increase economic growth between the EU and the US by establishing a comprehensive trade agreement.

Negotiations continued for several years, but ultimately came to a halt in 2016 when it was deemed that no significant progress had been made. With the change in presidential administration in 2017, the talks were officially put on hold.

However, the desire to reach a free trade agreement has not disappeared, and there have been calls for a renewed effort to negotiate such an agreement. In 2018, the European Commission published a proposal for a new trade agreement with the US, which included the elimination of tariffs on industrial goods and an increase in energy exports.

Recent events, including the COVID-19 pandemic and the United Kingdom`s withdrawal from the EU, have created a renewed urgency for the two sides to come to an agreement. While negotiations have not yet resumed, it is possible that they could in the near future.

In conclusion, while there is currently no free trade agreement between the EU and the US, there have been attempts to establish one in the past. It remains to be seen whether negotiations will resume and whether a comprehensive agreement can be reached. However, given the economic importance of the EU and the US, it is likely that talks will continue in some capacity in the future.

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