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Readout of Meeting between U.S. Trade Representative Michael Froman and EU Internal Market and Services Commissioner Michel Barnier

07/16/2013

Washington, D.C. – United States Trade Representative Michael Froman met today in Washington with European Commissioner for Internal Market and Services Michel Barnier. They discussed the potential of the Transatlantic Trade and Investment Partnership Agreement (TTIP) to promote jobs, economic growth, and international competitiveness in both economies, including in the areas of intellectual property, government procurement, and financial services, along with other bilateral issues. They discussed the importance of the financial services sector to the transatlantic economy. Ambassador Froman emphasized that the Administration supports the inclusion of financial market access issues in TTIP, and that financial regulatory cooperation should continue to make progress in existing and appropriate global fora, such as the G-20 and international standard setting bodies, in parallel alongside the TTIP negotiations. He further emphasized that nothing we do in a trade agreement should undermine the ability of regulators on both sides to regulate in the public interest.