` US President Barack Obama and European Union Leaders promise to remove all tariffs on `Bilateral Trade at Summit ‘

#AceFinanceNews US President Barack Obama and European Union leaders will promise to remove all tariffs on bilateral trade at their summit on March 26, Reuters reported, citing a draft statement.

The joint declaration is likely to overcome tensions following Washington’s offer to cut its duties by less than the Europeans had hoped for.
Also, Brussels pledged to remove almost all of its own tariffs.

“The EU and the US are firmly committed to concluding a comprehensive and ambitious Transatlantic Trade and Investment (TTI) .

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