EU and US sign agreement to better trade relations

The EU and the United States have signed a series of agreements to improve each other’s business investment, including on technological innovation.

The statement, called Shared Principles for International Investment, includes promises by both partners to be open about business spending and settle disputes fairly. The statement also calls on national governments to demand “socially responsible” behaviour from multinational companies. Such measures would increase the two territories’ competitiveness, and would make cooperation on technology development easier, the statement said.