Trade Official Says U.S. Wants Deal With Europe

At the World Economic Forum in Davos, European leaders call for the United States to eliminate tariffs and other trade barriers in hopes of stimulating their "ailing economies." While many groups, even some in the United States, are in favor of crafting an agreement to promote more free trade, agricultural trade issues often end up standing in the way. Another argument is that "even bigger benefits could come simply from streamlining official procedures involved when goods move across boarders."  Those in favor of this argument cite a report by both Bain & Company and the World Bank that estimates the potential for a 15% increase in trade upon improved efficiency. As Bain & Company partner Mark Gottfredson points out, "we're talking about removing waste... everyone can agree on that."