This deal will remove the legal uncertainty which has hung over this trade for several years and benefit producers on both sides of the Atlantic.

We will be back next week.

Our proposal is clearly targeting helping developing countries, ... This is the first full- fledged proposal on market access.

We are surprised and disappointed that the arbitrators did not back our proposal.

To be very offensive on finding an end-date. It will not be the EU that is lagging.

Our proposal is clearly targeting helping developing countries.

The ruling sets an important precedent.

To say we have been holding back or not moving is simply not true.

Despite our efforts, we were not able to come to an agreement with our partners. Nor did they present an alternative proposal of their own. Time is now running out for the introduction of the tariff-only regime by the beginning of next year. This is why we are requesting a second round of arbitration today.