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EU-US trade talks begin in Washington; ACC supports

7:50 AM MDT | July 12, 2013

The first round of talks between the European Union and United States to form a transatlantic trade and investment partnership (TTIP) began on 8 July in Washington and contunued until 12 July. “Total elimination of industrial tariffs and import duties on transatlantic chemical trade would save our industry more than $1.5 billion/year, a third of which is intracompany trade,” ACC says. The European Commission estimates that the conclusion of a trade agreement between the two parties would increase European GDP by 0.5%/year, and exports of European goods and...

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