Talks on EU-US trade deal to stretch to 2016
Talks between the European Union and United States on a transatlantic trade accord will stretch into 2016, the EU's chief negotiator said yesterday, adding that the discussions were about to enter a "more difficult" and "intense" stage.
This year is seen as crucial in making progress on the Transatlantic Trade and Investment Partnership (TTIP), with the US presidential election set for 2016 and President Barack Obama leaving office in January 2017.
Nothing has been agreed so far and expectations of a rapid deal are low.
"At this point in time I don't want to rule in or rule out anything in terms of what is possible before the end of this year," the EU's chief negotiator, Ignacio Garcia Bercero, told a news conference in Berlin.
"But it is clear that a completion of the negotiations, a conclusion of the agreement, that is something that will require more time than 2015," he said, adding that he did not believe the US election campaign would derail the talks.