TTIP: German Economy Minister Says EU-US Trade Talks Have Failed

Frank Jordans reports for AP:

Germany Europe US TradeFree trade talks between the European Union and the United States have failed, Germany’s economy minister said Sunday, citing a lack of progress on any of the major sections of the long-running negotiations.

Both Washington and Brussels have pushed for a deal by the end of the year, despite strong misgivings among some EU member states over the Trans-Atlantic Trade and Investment Partnership, or TTIP.

Sigmar Gabriel, who is also Germany’s vice chancellor, compared the TTIP negotiations unfavorably with a free trade deal forged between the 28-nation EU and Canada, which he said was fairer for both sides.

“In my opinion, the negotiations with the United States have de facto failed, even though nobody is really admitting it,” Gabriel said during a question-and-answer session with citizens in Berlin.

He noted that in 14 rounds of talks, the two sides haven’t agreed on a single common item out of 27 chapters being discussed.

 

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One response

  1. Reblogged this on The Most Revolutionary Act and commented:
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    TTIP (Transpacific Trade and Investment Partnership)is the European twin of the TPPA (Transpacific Partnership Agreement). Unlike Australia, New Zealand and their Asian trading partners, Europe refuses to cave in to US demands.

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