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May 21, 2013 /PRNewswire-USNewswire/ -- EU Trade Commissioner
Karel De Gucht in
New York City today discussed the Transatlantic Trade and Investment Partnership. In his speech to the European American Chamber of Commerce, he stressed that removing transatlantic trade barriers will deliver major benefits to the European Union and
the United States, boosting economic growth and stimulating business confidence.
Noting that uncertainty about the economic future has held companies back from investment decisions, he also pointed out that an agreement would send a powerful signal that open markets are essential for growth. "A successful Transatlantic Trade and Investment Partnership would remove one source of that uncertainty - the risk that the world's leading economies would respond to the crisis with protectionism."