German Chancellor Angela Merkel gestures during a government statement as part of a meeting of the German federal parliament, Bundestag, in Berlin, Germany, Thursday, Feb. 21, 2013. (AP Photo/Michael Sohn)
Thursday, February 21, 2013 4:34 am
German chancellor champions trans-Atlantic trade
The Associated Press
The proposal has garnered support on both continents, with President Barack Obama saying earlier this month that the U.S. believes "trade that is free and fair across the Atlantic supports millions of good-paying American jobs."
Merkel told Parliament Thursday that she hoped negotiations this year would produce an agreement that would not only help commerce, but also create such a powerful trade zone that the U.S. and EU together could set industry standards and norms.
She says "if we don't, then others in the world will do it according to their work and production standards, which are at times far removed from our values."