Thursday 22 February 2018

Talks on EU-US free trade deal have failed, Germany's economy minister says

Talks on a free trade deal between the EU and US have been a failure, Germany's economy minister has claimed
Talks on a free trade deal between the EU and US have been a failure, Germany's economy minister has claimed

Germany's economy minister says free trade talks between the European Union (EU) and the US have failed.

Negotiations on the so-called Transatlantic Trade and Investment Partnership (TTIP) have made little progress in recent years.

Sigmar Gabriel, who is also Germany's Vice Chancellor, said on Sunday that "in my opinion the negotiations with the United States have de facto failed, even though nobody is really admitting it".

He noted that in 14 rounds of talks the two sides have not agreed on a single common chapter out of 27 being discussed.

Mr Gabriel compared the TTIP negotiations unfavourably with a free trade deal forged between the EU and Canada, which he said was fairer for all sides.

Press Association

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