The controversial TransAtlantic Trade and Investment Partnership (TTIP) is under threat, with Germany’s economic affairs minister Sigmar Gabriel declaring the talks have failed.
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Prospects for the proposed EU-US trade deal have been cast into further doubt after French president Francois Hollande said an agreement would not be forged before Barack Obama leaves office in January, and a trade minister called for an end to talks.
France’s minister of foreign trade Matthias Fekl told RMC radio yesterday there was no longer any political support for the TTIP negotiations in France, he said, and the country needed a clean, clear and definitive cessation to the negotiations.
“The bigger damage will be to the U.S. global position”, Alden says. In addition to the UK’s decision to call it quits on European Union membership in June and the United States presidential elections in November, national elections are also due to take place in both France and Germany next year.
German Economy Minister Sigmar Gabriel said the USA deal negotiations were ‘de facto dead’, despite Chancellor Angela Merkel’s support.
German chancellor Angela Merkel’s spokesman said that while Europe and the United States still disagree over certain parts of a free trade deal, the talks are not over yet. “So there will be a debate on these issues”, she said.
However, with the French veto it seems that Merkel is now out of luck. However, it has been criticized and opposed by unions, NGOs and environmentalists on both sides of the Atlantic.
Mr Jacobi said trade deals were not enough to address the situation of all citizens, particularly those hard hit by trade-induced job losses.
This news story is related to Print/146465-France-seeks-halt-to-talks-on-EU-US-trade-deal/ – breaking news, latest news, pakistan ne. In addition, Republican candidate Donald Trump had previously expressed his reservations about the TTIP, saying that it is an enormous 5,600-page deal that no one understands. But fears have persisted in Europe that the deal will require the region to accept US -backed technologies, such as biotech crops, that the region opposes. Both sides have sought to conclude the negotiations by the end of this year. And in Washington, White House spokesman Josh Earnest said the goal of the Obama administration to complete negotiations has not changed despite the criticism.
The Commission also remains upbeat.
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And Margaritis Schinas, chief spokesperson for the European commission, added Monday, “Provided the conditions are right, the commission stands ready to close this deal by the end of the year”, but he cautioned negotiators would not sacrifice Europeans’ “safety, health, social and data protection standards or our cultural diversity” to reach a deal with the United States.
