EU doubts trade deal with US will happen this year

EU doubts trade deal with US will happen this year

EU doubts trade deal with US will happen this year

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No compromise from US, no TTIP with EU this year – France & Germany on trade deal
According to the source speaking on condition of anonymity, the Commission wants to preserve the interim status reached in the Transatlantic Trade and Investment Partnership talks. That would allow the EU to continue negotiating with the next US administration instead of starting from scratch.US ambassador to Germany, John B. Emerson said this week the sides were close to overcoming their differences on many sticking points and that President Obama would make a final push for a deal after the US election on November 8.Last month, France and Austria demanded TTIP negotiations be suspended until a new president takes over in the White House. That will give time for member states to rethink the trade treaty and explain it better to the public, they said.Talks could be restarted with greater transparency, clearer goals and under a different name, Austrian Vice Chancellor Reinhold Mitterlehner said.Finnish Trade Minister Kai Mykkanen said renaming the deal could solve the negative publicity it garnered over the years. Public resistance has been growing and large demonstrations have been seen across Europe.
'We will not give powers to the federal govt': Belgium Wallonia region rejects CETA https://t.co/AVHGjVht2W — RT October 14, 2016
An EU-US free trade treaty project was proposed three years ago and has been criticized for its secretiveness and lack of accountability.TTIP aims to promote trade and multilateral economic growth by creating the world’s largest free trade zone. Backers say it will help small b… EU rules out TTIP deal with US under Obama, seeks to salvage Canada dealhttps://t.co/lNahu4FOdZ — RT September 24, 2016

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