EU and UAE has launched talks for a trade deal.

The EU is saying:

• European Union and the United Arab Emirates have formally launched negotiations for a bilateral free trade agreement, opening the possibility of the first comprehensive EU trade deal in the Gulf region
• The work is set to start next week.

UAE minister says:

• Bilateral negotiations between UAE and EU not a hurdle for possible EU – GCC (Gulf Cooperation Council) trade deal

You kind of wonder how Trump feels about EU overtures to do trade deals with others (and for others doing trade deals with the EU) and with them, the implications from the competition to the US?

This article was written by Greg Michalowski at www.forexlive.com.