US Secretary of Commerce states that he is open to resuming talks on TTIP. As the EU is an important trading partner, the negotiations should be continued with the Union and not with single states - as a reaction to the tweets of Trump attacking Germany.
EU Ambassador to the United States David O'Sullivan stated that while the European Union is ready to continue discussions on the matter of the Transatlantic Trade and Investment Partnership (TTIP) if the Trump administration is interested, at the moment there is no one to talk with.
A deal to further harmonize and mutually recognize good manufacturing practice (GMP) inspections between the US and EU has run into a speed bump, as the EU ambassador to the US said Wednesday that the Transatlantic Trade and Investment Partnership (TTIP) is in a state of pause as there is no one within President Donald Trump’s administration with whom to continue discussions.
The pause in TTIP implementation process between the EU and the US will remain until the new US administration makes new steps, European Commissioner for Trade Cecilia Malmstrom told Sputnik Wednesday.
After decades of steadily increasing globalisation, trade liberalisation has slowed to a standstill. In the United States, Congress has delayed ratification of the Trans-Pacific Partnership (TPP) indefinitely. And negotiations around the Transatlantic Trade and Investment Partnership (TTIP) have ground to a halt.
Social Democratic leader Sigmar Gabriel has made some controversial decisions during his time as vice-chancellor and economics minister. In a speech on Monday morning, he explained his policies and highlight his successes.
European Commission chairman Jean-Claude Juncker caused outrage when he suggested that national parliaments of the EU member states were to be bypassed in the bloc’s approval process for the European-Canadian CETA trade treaty. In hindsight, Juncker’s shrewd move shows what a cunning politician he is: He singlehandedly forced leading politicians in the member states to publicly defend the treaty.
The aim of the TTIP is to replace the application of national laws with special courts of referees nominated by the special interests. This includes the organization of health care. Last week Britain’s main labor union, Unite, warned that the TTIP would mean that the National Health Service would have to be wound down and privatized.
The Greek government is ready to veto the Transatlantic Trade and Investment Partnership (TTIP) between the US and the EU unless it ensures increased protection for key agricultural geographical indicators.
In the past, it was easy to make the case for free trade. Free trade agreements seemed to create opportunities, help millions out of poverty, and generate growth. Today, a growing number of Europeans and Americans believe that the opposite is true. The article points out in how far TTIP should be rethought and redesigned to regain the public trust.
Clinching an ambitious bilateral trade and investment pact in the near term remains a key strategic and economic priority, said the US’ and EU’s top trade officials last week, while acknowledging the ongoing uncertainty that surrounds such efforts given the American presidential election debate on the merits of trade deals and the impending “Brexit” referendum in the UK.
Progress was made in the latest round of TTIP talks, but negotiators have a long way to go if the deal is to be signed before Barack Obama leaves office. Michael McKeon gives a briefing on the latest developments.