"The economic and strategic rationales remain strong, but at the same time a withdrawal of the UK from the EU market would affect the value of the EU market," Mullaney said in Brussels. The Transatlantic Trade and Investment Partnership project would create the world's largest free trade areaNegotiators met this week in Brussels for the 14th round of negotiations on the proposed Transatlantic Trade and Investment Partnership (TTIP) that would create the world's largest free trade area. "The UK is also our largest market globally for services," he added, referring in large part to the huge presence by US firms in the UK's City of London financial hub. BRUSSELS - The United States and the European Union said they were forging ahead with trade talks on Friday despite the shock setback of Brexit and rising opposition to the deal in France and Germany. Activists have opposed TTIP since negotiations began in 2013, believing it will only benefit multinationals and harm consumers.

Source: Bangkok Post July 15, 2016 15:33 UTC