Prior to that, the 39th G8 summit has already taken place in Berlin welcoming the leaders from the world's largest economies, where US President Barack Obama and the President of European Council Herman Van Rompuy shared the best hopes for the future transatlantic free-trade area.

The Commission emphasised the income benefits that could result from the economic co-operation with the United States. It is said that the transatlantic trade deal can boost EU's economy by €119 billion a year and America's by €95 billion.

Despite the cheerful notes on the economic side, the President of the European Commission Jose Manuel Barroso expressed his dissatisfaction with France's wish to exclude the audio-visual chapter from the discussion. France was concerned that the treaty could undermine the cultural diversity. However, Barroso reassured the country that the transatlantic treaty poses no threat to the culture.

Speaking at the G8 summit, President Obama encouraged the leaders from the both sides of Atlantic Ocean to: 'focus on the big picture' rather than on the own mischances. Generally, the trade negotiations are believed to be a potentially successful achievement for both, the EU and the US.