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In the center of discussions this week will be industrial sectors such as chemicals, engineering, information and communications technology, pharmaceuticals, textiles and vehicles.
He will also discuss the creation of an international tribunal to act on the "dispute" between large investment companies and the United
On Monday a round of negotiations on the Transatlantic Trade and Investment Agreement (TTIP) is due to continue throughout the week starts.
Where is the 12th round of negotiations on the TTIP, the European Union and the United States will try to bring interest on nine industrial sectors and resume the discussion on the protection of investments, reports EFE.
In the center of discussions this week will be nine industrial sectors: chemicals, cosmetics, engineering, medical devices, pesticides, information and communications technology, pharmaceuticals, textiles and vehicles.
"If this week we get a clear common understanding of the specific objective that can be achieved in the TTIP in each of the sectors, then we can in the next round started on texts" they have told EFE Community sources.
According to these sources, in the chemical and cosmetics industries "regulatory cooperation will be modest" and can not be complete when the very different European and US regulations harmonize with each other.
In sectors such as automobiles, both parties expect to agree on what regulations can be considered "equivalent".
The creation of an international tribunal, the most controversial point
The system of protection of investments, parked for a time in the negotiations, is one of the most controversial chapters have given rise to affect the defense of the right of states to legislate for the common good above the interests of multinationals .
The European Commission will present its proposal for the creation of a mechanism for "settlement of disputes" between large investment firms and states, the so-called ICS (Investment Court System). Community sources point out that "go into detail" on this issue.
United States will also have to respond to the European proposal on sustainable development.
The EU has also proposed that the TTIP include specific measures against corruption, based on European and international provisions.
With regard to market access, the parties have exchanged offers to liberalize 97% of tariff lines that will see if there is "room for improvement", while the remaining 3% concerning sensitive products, "yet it is not on the table. "
Both powers will also discuss the possibility of creating a "framework for mutual recognition of professional qualifications", say EU sources.
Energy sector
In addition, they examine whether they can create "specific provisions on energy and raw materials", and although they do not agree yet on whether there will be a chapter on energy, hope the matter can be retreated.
They want to close the political negotiations under President Obama
"It is possible to conclude negotiations at the political level in the administration (the term of President Barack Obama) but do not hide the difficulties of the issues to be resolved, because these are difficult," they acknowledged sources.
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