Guy Verhofstadt, the former Belgian prime minister and now leader of the liberal parties in the European parliament, said negotiations over the Trans-Atlantic Trade and Investment Partnership (TTIP) could open up the "unfair" and "blatantly one-side" Jones Act restrictions on US cabotage trades.

Verhofstadt, who is also an independent director of leading Belgian shipowner Exmar, said TTIP was a huge potential opportunity rather than a threat, despite concerns over data privacy and social issues.

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