EU Commission head: EU-US trade talks to start, offer 'huge economic benefits' to both
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A top European Union official says talks on a sweeping new free trade agreement between the EU and the US will begin next month.
Jose Manuel Barroso, head of the EU's executive arm the Commission, said Monday at the G-8 summit in Northern Ireland that the deal could offer "huge economic benefits" for both sides of the Atlantic.
U.S. President Barack Obama added a deal would be "a priority of mine" and that he was "confident we can get it done."
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Negotiations would focus on lowering tariffs and rules that hinder the trade of goods and services and is seen as a way of promoting new growth and jobs amid an uncertain global recovery.
Summit host British Prime Minister David Cameron said the trade pact could create 2 million jobs.