A lot of people are talking about the idea of a free trade zone (FTZ) between the US and the EU.
If it comes to pass, that zone would be an extension of the existing EU-US free trade agreement, which has had some problems, notably with border enforcement.
Now, however, a group of German politicians and economists is proposing to create a new FTZ that would be entirely outside of the EU, and that would effectively be a “free trade area” between the two countries.
It’s called the “European Free Trade Area” (EFTA), and its aim is to create “a free trade area with a common legal framework that can support the European Union’s economic development in the coming years.”
It’s the first time a German government has ever proposed a new EU-German FTZ, and it’s also the first government to propose it in its current form.
The idea of creating a new European Free Trade Zone (EFZ) in a country where the US is the largest trading partner is a bold one, but it’s not necessarily without precedent.
Earlier this year, for example, the US Congress passed a bill to create the EFTA (but it’s unclear how it would work in practice).
The German government’s proposal for creating a European FTZ has also come up before.
It would have created a customs union with the EU as well as the United States, with the former part of the union being a new zone, and the latter being a special one within the existing European Union.
But, as it turns out, the bill never got through parliament.
This year, however the EFTZ concept was also floated by a German think tank called the Centre for International Trade Policy, and, according to Reuters, it was first mooted by German Chancellor Angela Merkel in 2013.
Germany’s new government has been actively pushing the idea for a while now, and its new Minister for the Economy, Philipp Röttgen, says that a new EFTA would be “an opportunity to develop a more advanced EU-wide regulatory framework.”
But, even before the government launched its idea, there were some significant obstacles to its success.
For starters, it’s hard to imagine that any new EU country would want to enter into an FTZ with the US.
German Finance Minister Wolfgang Schaeuble recently told reporters that the idea “would be very difficult for a European country to implement.”
He also suggested that there would be significant political resistance in the EU to such a move.
It doesn’t help that the German government doesn’t have much of a track record when it comes the creation of new trade deals, and so there’s also no guarantee that the EFTFZ concept would have the support of Germany’s political leaders.
But perhaps the biggest problem with the idea is that the EU has already started building its own FTZs, so there is no precedent for creating an entirely separate EU-based FTZ.
This makes the idea even less likely to come to pass.
The reason for the hesitancy is that, as I wrote earlier this year in an article about the German FTZ concept, Germany would need to get its own negotiators and a number of its political leaders on board to be able to implement a new FTA.
It could also be that, because the EU isn’t yet fully committed to creating its own new FTW, its politicians are reluctant to commit to joining the EFTPAs existing FTA with the United Kingdom and France.
But even if the EFTRAs current FTA with Britain and France doesn’t make it into the next FTW (the current agreement is set to expire at the end of this year), that could also mean that the next EU-Germany FTA will need to go through a lengthy negotiation process.
If Germany doesn’t want to join the EFTCAs existing FTW either, then there could be other options for the German Government.
Germany could create a regional FTW in which Germany and the European Free Union (EFU) are part of a single, new EU state.
This could also make it easier for German politicians to put pressure on the EU institutions to agree to it.
It might be that Germany will just wait for a few years and then, once the EFU and EFTPA have signed on to the new EU agreement, it could take over the new EFTFAs existing tariff regime and introduce the new tariff regime.
It seems like a far-fetched idea, but there’s reason to believe that, in the long run, it would be a viable option.
And, as far as I know, no one else in the world is currently working on an entirely new FTU.
But what about the US?
Would it be a good idea?
The question of whether or not the US would be willing to join an EFTPAt the moment, the idea that the US could be part of an EFTF is one that has been around for