The agreement announced today follows months of negotiations.
A fifteen per cent tariff ceiling on pharmaceutical and semiconductor exports from the EU to the US has been confirmed in a joint statement.
It's the first time details of the deal reached between the trading partners late last month have been set out in writing.
It provides for 15 per cent tariffs on most goods exported to the US with a number of carve outs for certain sectors, such as aircrafts and aircraft parts.
Midlands Fianna Fail MEP Barry Cowen says the news confirms the EU played negotiations the right way:
Major Grants Announced For Historic Structures In The Midlands
Midlands 103 Presenter Appointed Managing Partner At O’Reilly Consulting Group
Site Of Leprino Cheese In Laois Goes On Sale For €12m
Laois Lidl Store Given Green Light
Enterprise Minister Welcomes Creation of 400 Jobs
Insurance Costs Continue Upward Trend Despite Reform Measures
Various Factors Behind Employees Quitting - Laois CEO
Midlands Social Entrepreneurs Encouraged To Apply To Impact Programme
Tanaiste Sending Enterprise Minister To Laois
New Refurbished Penneys Opens In Laois
Laois Service Station Reopens After Multi-Million Euro Redevelopment