EU and US must avoid too many red lines in free trade agreement

© Khunaspix Dreamstime.

There has been much talk of free trade agreements lately. Last week, Israel and Colombia signed an agreement which will see 70% of exports exempt from tariffs and duties, while the pair also signed an air transport agreement. But possibly the biggest news has been signs that the EU and US might finally chalk up something – which could lead to an export boost worth some $150bn within five years. Yes, there will no doubt be stumbling blocks. But the news that the duo will at least try, and start soon, can only be good.