EU-US Free Trade Area Could Reshape Global Economy, Boost Prosperity
The article discusses how the European Union and the United States, two major global players in trade, have considered creating a Free Trade Area to boost their economic cooperation. This concept isn't new and was previously suggested in the 1990s but wasn't put into action. Now, there is renewed interest in this idea. The focus is on exploring the basic workings of a free trade area using the EU and US as examples. The goal is to enhance trade and economic ties between these two giants through minimal integration strategies like a free trade area.