You can do better again. The commercial agreement concluded between the European Union and the United States “is not complete” and “continuous work,” said French minister Eric Lombard on Monday, July 28, added that “we will make sure it will be improved.”
As for exemptions, “it is safe for aeronautics and spare parts of this industry,” he adds.
For spirits, the minister remains in condition. The French minister delegated to foreign trade Laurent Saint-Martin has already mentioned these assets among the exemptions provided for in the Agreement and the Federation of Wine Exporters and Spirits (FEV) also wants to believe that the case is heard. However, nothing had arrested Monday night, the discussions continue.
End the dependence on Russian gas
When asked about the other component of the agreement, namely, the purchase of energy of $ 750 billion and the 600 billion investments in the United States, Éric Lombard responds that “Europe wants to end the dependence on Russian gas, which still provides 20% of LNG (Liquefied Natural Gas). Most of the 750 billion of the dissensibility strategy.”
As for the $ 600 billion in investment, “this is an estimate of the investment flows expected until 2029 of European companies” but “is a decision that belongs to private actors.”
The “Less Malays”
The minister considers that the agreement concluded are the “less bad solutions” and that the priority was “ending an uncertainty that penalizes our economy.”
As for the repercussions of customs duties, “the first estimates establish a modest impact on our economy,” said the minister. “In the long term, the least American growth that can affect us, he said.
While the United States wanted to “question our rules”, “together we could circumscribe the debate to customs tasks and then discuss its level, until it seemed clearly that the basis that would allow an agreement was to accept 15% rights with sectoral exceptions,” he says.
According to Éric Lombard, “all heavy, this agreement is the one that will have the least negative effect on our economy.”
0.7% growth in 2025
Confirming the announcement “at the beginning of the school year” of a review of the growth forecast of 2025, it emphasizes that “we will see if the negative impact of the increase in customs tasks is compensated by the positive impact of the lifting of uncertainty.” Currently, the government forecast by 2025 is 0.7%.
Source: BFM TV
