EU Trade Ministers meeting in Luxembourg have reached agreement on how to proceed with free-trade talks with the United States.
Minister for Jobs, Enterprise & Innovation Richard Bruton, who chaired the discussions, said he was "delighted" with the outcome.
He said he felt an important opportunity had been opened for both the US and the EU.
"Reaching agreement among EU Trade Ministers on the terms of the EU's negotiating mandate has been a top priority for the Irish Presidency since January," he said.
The minister said a future trade deal could help create 400,000 jobs in the EU and also benefit US firms who are already based in Ireland.
The talks had stalled over French demands that its film and media business be excluded from the negotiations.
Under the compromise deal, audio-visual services are not covered, but European Commission negotiators will be able to come back to trade ministers and reopen the subject if it is deemed necessary.