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.

Federal Reserve Takes Soft Approach to Rate Hike Hints
51:47 - John Ryding, chief economist at RDQ Economics, examines rate hike hints from the Federal Reserve and the effects of global central banks on fed policy. He speaks on "Bloomberg ‹GO›." (Source: Bloomberg)
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