EU could see €120bn added to economy

The EU-US TTIP, or Transatlantic Trade and Investment Partnership talks kicks off Monday in Washington DC. This is the third round of talks since July. The second talks touched on investment rules, service trade, energy and supervision regulations. The trade deal is expected to benefit metal, food, chemical products, and manufacturing industries in the Europe Union, with an estimated 40 percent rise in car exports. This is according to a report by an EU think tank, which also predicts a 28 percent jump in EU exports to the US. The deal is also expected to bring over one million job opportunities in the U.S. The two blocs represent 40 percent of global economic output.