Talks on EU-US trade deal failed: German Minister

 29 Aug 2016 - 0:00

Talks on EU-US trade deal failed: German Minister
Sigmar Gabriel with Angela Merkel


BERLIN: Free trade talks between the European Union and the United States have failed, Germany’s economy minister said yesterday, citing a lack of progress on any of the major sections of the long-running negotiations.
Both Washington and Brussels have pushed for a deal by the end of the year, despite strong misgivings among some EU member states over the Trans-Atlantic Trade and Investment Partnership, or TTIP.
Sigmar Gabriel (pictured), who is also Germany’s Vice Chancellor, compared the TTIP negotiations unfavorably with a free trade deal forged between the 28-nation EU and Canada, which he said was fairer for both sides. “In my opinion, the negotiations with the United States have de facto failed, even though nobody is really admitting it,” Gabriel said.