BlockBeats News, October 11th, according to sources familiar with the matter, the European Union will cooperate with the United States to develop a new plan to implement the next phase of the bilateral trade agreement. The goal is to set aside Washington’s proposal, which calls for the EU to repeal some regulatory measures long criticized by Trump. Sources said the current idea is to create a “checklist” to ensure the agreement stays on track and moves forward within the parameters set by both sides earlier this summer.
Earlier reports indicated that earlier this month, Washington asked Brussels to amend several technology, digital, and corporate environmental laws. EU officials believed these demands were too stringent to serve as a negotiating starting point. The EU has expressed readiness to discuss these issues and address concerns but will not relinquish its regulatory autonomy. Sources indicated that following a weekend meeting between EU Trade Commissioner Dombrovskis and US Trade Representative Tai, Brussels decided to set aside these demands and instead develop a new list. (FXStreet)
