Wednesday 28 September 2016

EU aims to finalise 'TTIP' trade deal next year

Barbara Lewis

Published 05/08/2015 | 02:30

European Trade Commissioner Cecilia Malmstrom gestures as she addresses a news conference at the EU Commission headquarters in Brussels. Photo: Reuters
European Trade Commissioner Cecilia Malmstrom gestures as she addresses a news conference at the EU Commission headquarters in Brussels. Photo: Reuters

European negotiators aim to finalise a trade pact with the United States in 2016 in "an optimistic scenario", EU Trade Commissioner Cecilia Malmstrom said yesterday.

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The planned Transatlantic Trade and Investment Partnership (TTIP) would be the biggest such agreement.

"We will do everything we can to try to finalise during 2016. That's the optimistic scenario we're working on, but it's possible," she told reporters.

Following on from a tenth round of talks in July, Ms Malmstrom said she would meet US Trade Representative Michael Froman in Washington in September to prepare for more talks in October and also in December.

The European Parliament last month effectively gave Ms Malmstrom a mandate to continue negotiations by backing a compromise on setting up a new European court to settle disputes arising from any pact. (Reuters)

Irish Independent

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