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I am delighted we have a mandate to negotiate an agreement on trade and investment with
the United States. It shows that where there is a will there
is a way. These negotiations can be a game changer.
We are already each other's biggest trade and investment partners. Strengthening this
relationship will bring more jobs, more growth to Europe and the United States. The potential
economic gains for the EU are estimated at around €120 billion a year. And the real
beauty of this deal is that it will offer real returns of around €545 per average
household in Europe almost for free. This makes it the cheapest stimulus package one
can imagine. Both sides come to these negotiations with
their own priorities and interests. But I am convinced that, if both sides show the
political will, we can reach an agreement that fully respects our sensitivities.
Beyond the economic benefits, this is also about our place in the world. An agreement
will forge a shared future based on our common values and our common commitment to open trade.
The European Commission will take these negotiations forward. We will work quickly while ensuring
that the substance is right.