GATT, which dealt with trade in goods, but also took on new agreements on services, investment, intellectual property, technical barriers to trade, sanitary measures and plant health.

ECONOMIST: A survey of world trade

The EU says the deal will focus on bringing down remaining tariffs and other barriers to trade, and standardise technical regulations and certifications.

BBC: EU and US free-trade talks launched

He said the deal would focus on bringing down remaining tariffs and other barriers to trade, and standardise technical regulations, standards and certifications.

BBC: EU and US free-trade talks launched