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Top European Union and United States officials leading talks to clinch the world's largest trade deal hope to have proposals ready by January to end deep differences over rules and regulations. Differences on norms set for anything from food and aviation safety, to standards for electric cars or the regulation of financial services, stand in the way of efforts to strike an ambitious transatlantic deal creating the world's largest free trade area.
EU trade commissioner Karel De Gucht said after meeting his US counterpart Trade Representative Michael Froman that both sides wanted "a commonly agreed outline of the regulatory and rules component for political review in January." Both officials stressed separately that bridging these obstacles could help shape fresh global trade rules.
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