US, EU to develop plan to boost economy

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The United States and European Union have agreed to develop a plan to capitalize on already strong economic ties to create more jobs and fuel economic growth on both sides of the Atlantic.

The agreement was reached during talks between US President Obama and the top EU leaders. In a joint statement, they said that they must intensify their efforts to realize the untapped potential of trans-Atlantic economic co-operation to generate new opportunities for jobs and growth, particularly in emerging sectors.

US President Barack Obama shakes hands with European Council President Herman Van Rompuy
after delivering statements to the press after a summit in the Roosevelt Room of the
White House in Washington, DC.

The announcement follows a recommendation from the TransAtlantic Business Dialogue, a private sector advisory group, that the United States and the EU explore the idea of negotiating a TransAtlantic Economic and Trade Pact.

It also follows summit meetings earlier this month with the APEC leaders, where Obama made clear the United States saw its prosperity closely tied to the fast-growing region.

WASHINGTON, DC - NOVEMBER 28: U.S. President Barack Obama (2nd R) hosts a meeting with
Treasury Secretary Timothy Geithner (R), U.S. Secretary of State Hillary Clinton (3rd R)
and EU trade commissioner Karel Du Gucht (L) during a meeting at the White House, on
November 28, 2011 in Washington, DC.

Editor:Zhang Rui |Source: CNTV.CN



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