Following the European Union’s decision to lift sanctions on US goods including leather and textiles, worth approximately $4 billion to US exporters per annum, EU Trade Commissioner Peter Mandelson has begun a visit to the United States. The decision to end the 14/% punitive tariffs on goods, which will be implemented retrospectively back to January 1, 2005,  marked the end of a bitter dispute between the EU and USA, which have the largest trading relationship in the world.

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