BRUSSELS, March 13 U.S. President Barack Obama
and European Union leaders will promise to remove all tariffs on
bilateral trade at their summit on March 26, an ambitious step
towards the world's largest free-trade deal, according to a
draft statement seen by Reuters.
The joint declaration seeks to overcome tensions following
Washington's offer to cut its duties by less than the Europeans
had hoped for and after Brussels pledged to remove almost all of
its own tariffs.
"The EU and the United States are firmly committed to
concluding a comprehensive and ambitious Transatlantic Trade and
Investment Partnership," the draft statement reads, referring to
U.S.-EU free-trade talks by their official name.