EU and US willing to sign a unique trade agreement

This has been announced at the Big 8 summit in the Northern Ireland.

The EU and the U.S. intend to sign the "greatest bilateral trade agreement in history," and have begun negotiations on this issue, BBC. reports.

According to the British Prime Minister David Cameron, this agreement will be used to encourage export and economic growth. The agreement, says the head of the British government, could bring the EU up to $160 billion, the U.S. - $ 125 billion, and $ 135 billion to other countries of the world. It will entail the creation of two million jobs and contribute to the decrease of prices.

As President Barack Obama has stated, the first round of the talks will be held in Washington in July. It is planned to complete them by the end of 2014.

On Monday, the summit discussed the problems of the global economy. On Tuesday, the participants will discuss the issues of transparency of taxation and the struggle against terrorism.