The EU is one of the UNITED States` main trading partners. Similarly, the United States is Germany`s largest export market outside of Europe, as well as the market where German companies invest the most. Negotiations on the Transatlantic Trade and Investment Partnership (TTIP) between the EU and the US have been suspended since Donald Trump took office in early 2017 and are not continuing. On 25 July 2018, the European Commission agreed with the US government on a trade programme to address issues of mutual interest. The agreed cooperation covers several areas. These include the reciprocal liberalization of trade in industrial goods, with the exception of vehicles. The two sides also plan to take measures to facilitate trade in a number of specific sectors (services, chemicals, pharmaceuticals, health products, soybeans). In addition, the European Commission and the US Government have agreed on closer cooperation on standardisation and strategic cooperation in the energy sector. These include the goal of increasing imports of liquefied natural gas from the United States. The two sides also agreed on a dialogue on WTO reform and a common approach to addressing the global challenges of unfair trading practices.
The US government and the European Commission will refrain from taking measures contrary to the spirit of their agreement, while work on the common agenda will continue. More information on the progress of the discussions can be downloaded from the European Commission`s website. Following the discussions, the Council of the European Union gave two negotiating mandates to the European Commission on 15 April 2019. This is a negotiating mandate with the United States for an agreement on the elimination of tariffs on industrial products and an agreement on conformity assessment. Under both mandates, talks will be suspended if the US imposes new special tariffs on EU imports. The mandate of an agreement on industrial tariffs also provides for the removal of existing special tariffs in the United States on steel and aluminum imports prior to the conclusion of an agreement. Ongoing trade negotiations between the EU and third countries include: on eu free trade agreements in which the UK currently participates Malaysia: Discussions on concluding a free trade agreement between the EU and Malaysia started in October 2010. . . .