President Obama delivers his State of the Union speech before Congress. The president focused his speech on new initiatives designed to stimulate the U.S. economy, one of the ways being trade with the European Union. (Getty Images )
President Obama delivers his State of the Union speech before Congress. The president focused his speech on new initiatives designed to stimulate the U.S. economy, one of the ways being trade with the European Union.
(Getty Images )

U.S. and EU Plan to Create ‘an Economic NATO’

February 14, 2013  •  From theTrumpet.com
America looks to Europe to stimulate its economy.
 

America will attempt to negotiate a free trade deal with the European Union, U.S. President Barack Obama announced during his State of the Union address on February 12. The next day, EU leaders published a joint statement with Mr. Obama announcing that the two blocs “will each initiate the internal procedures necessary to launch negotiations on a Transatlantic Trade and Investment Partnership.”

Before negotiations can begin, the United States needs to notify Congress, and the EU needs approval from its member states. Each plans to have this completed by the end of June.

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