EU trade negotiator Sefcovic is testifying to EU parliament and says:
- Trade talks continue remotely every day with the US
- Our priority is a negotiated solution with the US
- We made good progress on text of agreement in principle.
- Hope to reach satisfactory results in coming days
- While we remain committed to reaching satisfactory deal, a degree of rebalancing will remain.
- Our regulatory framework remains nonnegotiable
- Our diversification agenda remains priority.
- Commission is working to protect EU from trade diversion from other countries.
- EU unity remains absolutely crucial.
Some between the lines thoughts:
- Committed to reaching a satisfactory deals but rebalancing will remain. In other words, there will be some concessions, but don't expect a EU victory.
- The regulatory framework remains nonnegotiable. OK but will they be pressured to not sue every US corporation? Trump criticized the EU suing every US corporation.
