US and EU leaders have said at the conclusion of a White House summit that they could launch bilateral trade talks to boost jobs and growth. The statement followed wide-ranging talks between US President Barack Obama and European Union leaders.
The US and EU account for around half of the world's economic output. The 27 countries of the eurozone make up the largest trading partner for the US.Although the US has struck free trade deals with countries around the world in recent years, it has not engaged in bilateral trade talks with the EU.
Trade between the US and EU is worth around $3.6bn (£2.3bn) per day and overall investment between the two supports around 7.1m jobs, according to the US Trade Representative's office.
http://www.bbc.co.uk/news/world-us-canada-15932221