URGENT ¥¥¥ US to launch free trade talks with EU: Obama

US President Barack Obama declared Tuesday that the United States and Europe will launch talks on what would be the world's largest free trade zone.

"Tonight, I am announcing that we will launch talks on a comprehensive Transatlantic Trade and Investment Partnership with the European Union -- because trade that is free and fair across the Atlantic supports millions of good-paying American jobs," Obama said in his State of the Union Address.