Could A US-EU Free Trade Deal Harm The WTO?

March 1 (Bloomberg Law) -- In his 2013 State of the Union address, President Obama announced plans to negotiate and execute a free trade agreement between the United States and the European Union. Jim Bacchus, partner at Greenberg Traurig LLP and former Democratic congressman from Florida, thinks a new deal could spur growth on both sides. "If I were still in the Congress. . . I would undoubtedly vote for it," he tells Bloomberg Law's Lee Pacchia. Despite the apparent benefits, however, some critics worry that a new free trade agreement could be negotiated in a way that harms the current global trade system. The deal "raises fundamental questions about the future of the world trading system that the United States has spent half a century building," says Bacchus, who formerly served as a chairman of the WTO'S appellate body.
Is Tesla’s Downgrade an Opportunity for Investors
13:55 - IDDS Group co-founder and CEO Max Zanan and Jefferies Analyst Dan Dolev discuss the Tesla being downgraded with Emily Chang on “Bloomberg West.” (Source: Bloomberg)
  • Ukraine’s Jaresko: I'm Optimistic About Russia Bond Talks
  • Dell to Offer Data Storage Giant EMC $33 Per Share
  • Uber Closing In On 2014 Hack Suspect