What are some of the concerns if the European Union decides to sign a free trade agreement with the ...

 One of the issues related to this agreement would be the tariffs on goods imports and exports, which will amount to be a significantly large amount. Tariffs are only one part of the picture. Nontariff restrictions create major bureaucratic obstacles. The use of genetically modified agricultural products such as corn and soy, which are restricted in Europe, will be one of the issues. Another issue concerns the product labeling which is profoundly different in Europe compared to that in the United States. Other issue of concern is related to the cultural diversity. In parts of Europe, some hold view that American cultural exports such as Hollywood movies overwhelm the works of the local film producers. This has prompted European policymakers to demand "carve-outs" that exempt certain industries from the trade pact. All these aspects have to be addressed before any agreement can be signed and implemented.

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