• search
For Quick Alerts
For Daily Alerts

TTIP negotiations between EU and US have failed: German Minister

By Ians English

Berlin, Aug 28: Talks between the EU and the US on the Trans-Atlantic Trade and Investment Partnership (TTIP) have essentially failed, German Vice Chancellor and Economy Minister Sigmar Gabriel has said.

"In my opinion the negotiations with the US have de facto failed, even though nobody is really admitting it," the Minister told ZDF broadcaster, according to a written transcript of the interview.


"[They] have failed because we Europeans did not want to subject ourselves to American demands."

He noted that throughout 14 rounds of talks, the two sides have not been able to find common ground on a single chapter of the deal being discussed. Among the stumbling blocks is a US objection to opening public tenders to European companies. "For me, that goes against free trade," Gabriel previously commented regarding the issue.

Washington has been insisting that the free trade deal be signed before the end of 2016, but it has encountered strong opposition from a number of European nations, not only Germany. Critics claim that TTIP is dangerous as it could place the interest of international corporations above those of the nations they operate in, and undermine European standards for labour and environmental protections.

Gabriel compared TTIP with the Comprehensive Economic and Trade Agreement, a free-trade treaty that the EU and Canada have been negotiating, which he said was fairer on the parties involved.

The European public has also been unhappy with TTIP as the contents of the deal are secret. However, recent leaks suggest that it will affect food safety laws, environmental legislation, banking regulations and open the EU for GM crops.

Opponents of the deal have been staging protests in a number of European cities. The most recent one took place in Berlin last weekend, with activists calling for a nationwide demonstration on September 17.


For Daily Alerts
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more