Commenting on the first round of negotiations between the EU and US for the Transatlantic Trade and Investment Partnership (TTIP) that began on 8 July 2013, Lord Green, Minister for Trade and Investment said:
I welcome the start of negotiations between the EU and US today which marks an important step forward in opening up trade between the world’s 2 largest trading blocs.
Last month at the G8 in Lough Erne, leaders agreed to launch this landmark trade deal which will fire up economies on both sides of the Atlantic and drive growth and prosperity around the world. This is a deal that will make a real difference to people’s lives - 2 million extra jobs, more choice and lower prices in our shops. The UK alone could benefit by £10 billion a year thanks to this once-in-a-generation trade deal.
This is why we need to make sure that negotiations aim for the most ambitious deal so that we make the most of the biggest trade deal in history.