Presidents Obama (US) and Barroso (EU) have announced a Free Trade Union between the US and the EU, negotiations starting in June and probably going to take about 2 years; this bit of news didn’t get much coverage, except for a few scattered articles and opinions on the day of the announcement. Both presidents also explained that it will be “more” than merely abolishing import taxes at customs. This has been in “secret” conversations for a year now, but it’s clear that both partners in the future union wish to go beyond that, and include things like freedom of travel, residence, and work.
The possibilities are tremendous. But so are the obstacles.
What do you think of this plan? Why is it getting so little coverage? What are your expectations and your fears regarding this super-free-trade-union?