USA AND EUROPEAN UNION COUNTRIES HAVE EMPHASIZED THEIR PLAN INTENDED TO EASE TRADE RELATION POLICY AND DECREASE THE TRADE DEFICIT BETWEEN THE WORLD'S TWO MAJOR CONTINENTS.

      USA and the European Union countries have emphasized their plan intended to decrease the trade deficit between the Eurozone countries and the USA over the weekend during the scheduled trade relation Summit abbreviated the (TTIP) that may take place in Europe and finally in the USA, despite the emerging differences between the USA and the Eurozone countries on various trade relation hurdles that entailed less unifying trade policy, increased taxes on export and import to and from both Continents and the rising concern about the quality and safety of products that have been exported, or imported between the two Continents, particularly on the agriculture products, processed food products and high technology devices and equipment such as automotive vehicles, computers, ipads and scientific calculators. The decline in trade relation activities between the USA and the Eurozone countries mentioned early in the article has unfortunately exceeded thirty percent (30%), when compared to other countries, specially China and Japan. These attributes of decline, or the declining factors in  trade relation between the Eurozone countries and  USA that may be discussed objectively in the next Summit for future accomplishment of sound trade relation that should be taken seriously in this year's annual trade relation Summit between the USA and the Eurozone countries than in the previous, or last year trade relation Summit between these two World's major Continents. Few of the significant trade relation objectives between the USA the Eurozone countries that have been mentioned as crucial for the required improvement in trade relation and for the elimination, or reduction of the declining trade magnitude and trade deficit between the two Continents included decreased custom taxes and fees on export and import between the two Continents. Improved tariff policy and fair license agreement policy for businesses with the required ease in travel permit and the allocated huge sums, or much money transaction for businessmen and business women across the two Continents.

                                              Written by Professor Godfrey Ohia.

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