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US ComSec Ross: Open to resuming talks on mega-trade deal with Europe - CNBC

Speaking to CNBC on Tuesday, U.S. Commerce Secretary Wilbur Ross said that he was open to continuing talks on a proposed trade pact with the European Union.

Key quotes (via CNBC):

  • The EU is one of our largest trading partners, and any negotiations legally must be conducted at the EU level and not with individual nations
  • Thus, it makes sense to continue TTIP negotiations and to work towards a solution that increases overall trade while reducing our trade deficit
  • It's no mistake that, while we withdrew from TPP (The Trans-Pacific Partnership) we did not withdraw from TTIP (The Trans-Atlantic Trade and Investment Partnership)

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