trade deal with us european commission says ‘ball still rolling’
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Trade deal with US: European Commission says ‘ball still rolling’

Arab Today, arab today

Arab Today, arab today Trade deal with US: European Commission says ‘ball still rolling’

Margaritis Schinas COMMITMENT: German Chancellor Angela Merkel gives flowers to Michael Roth, minister of State for Europe, in the presence of Economy Minister Sigmar Gabriel during a recent meeting in Berlin
Brussels - Arab Today

The European Union’s executive said it had a unanimous mandate from the bloc’s 28 members to finalize negotiations on a free trade deal with the US, a day after Germany’s economy minister said the talks had “de facto failed.”
Sigmar Gabriel of Germany, the EU’s biggest economy, said earlier that negotiations over the Transatlantic Trade and Investment Partnership (TTIP) had failed because Europe rejected some US demands.
Asked to comment on Gabriel’s remarks, a European Commission spokesman said “the ball is still rolling” on TTIP.
“Although trade talks take time, the ball is rolling right now and the Commission is making steady progress in the ongoing TTIP negotiations,” said Margaritis Schinas.
“Talks are now indeed entering crucial stage as we have proposals for almost all chapters on the table and a good sense of the outline of the future agreement.”
In Berlin, Germany’s leading industry associations were critical of Gabriel’s remarks and urged the German government to show greater commitment to free trade deals.
The head of industry association BDI, Ulrich Grillo, said it was “astonishing” that Gabriel, who is also vice chancellor and head of the co-governing Social Democrats, had declared the TTIP talks a failure when negotiations were still going on.
Top officials of other industry associations such as VDMA and the Auto Industry Association VDA also spoke out against Gabriel’s comments which highlight growing divisions within Chancellor Angela Merkel’s ruling coalition ahead of next year’s elections.
Three years of negotiations failed to resolve multiple differences, including over food and environmental safety, with critics saying the pact would hand too much power to big multinationals at the expense of consumers and workers.
Backers of a sweeping US-EU free trade deal see it bringing economic gains on both sides of the Atlantic. EU trade ministers will discuss the issue when they next meet in Bratislava on Sept.22.
Schinas said the Commission was still ready to finalize the deal by the end of the year but not at the expense of “Europe’s safety, health, social and data protection standards, or our cultural diversity.”
Commenting separately on Gabriel’s remarks, Lithuania’s Foreign Minister Linas Linkevicius said he believed arriving at a deal would benefit both the EU and the United States.
“It would be better for all sides to agree,” he said. “Of course, not at an expense of our interests. We have to defend our interests, but we also have to negotiate and conclude this agreement. It would be a big boost for economies, jobs, trade.”
Britain’s June vote to leave the EU has further clouded the picture, though Schinas insisted Brussels was still negotiating on behalf of all 28 members of the bloc, including London.
But the prospect of a Brexit has triggered fresh doubt that TTIP could be completed in the final months of US President Barack Obama’s term, as well as over Britain’s exact status in any deal as London ponders its future ties with the EU.

Source: Arab News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

trade deal with us european commission says ‘ball still rolling’ trade deal with us european commission says ‘ball still rolling’

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

trade deal with us european commission says ‘ball still rolling’ trade deal with us european commission says ‘ball still rolling’

 



GMT 12:47 2016 Thursday ,01 September

'La La Land' musical masterpiece dazzles Venice film fest

GMT 12:42 2017 Monday ,20 February

Dalia al-Behairy begins 'Yawmiyat Zoga Mafrosa'

GMT 19:01 2017 Wednesday ,30 August

Oil prices down as US reels from Harvey

GMT 04:19 2017 Monday ,08 May

National forces attack mercenaries in Taiz

GMT 19:21 2017 Sunday ,07 May

Iranian Film Week opens in Baghdad

GMT 21:33 2017 Sunday ,30 July

Arab Quartet meeting kicks off in Bahrain

GMT 17:17 2016 Friday ,07 October

Aleppo bleeds as US and Russia spar

GMT 12:03 2015 Monday ,21 December

Nepal protester killed in constitutional crisis clash

GMT 09:47 2016 Thursday ,22 December

Trump vows to cut F-35 spending, as leaked memo

GMT 21:44 2017 Friday ,15 December

King establishes Hawar Development Committee

GMT 20:57 2017 Tuesday ,16 May

Naval Forces rescue 23 tourists in Hurghada

GMT 12:56 2017 Monday ,11 December

Lyon leave it late, Balotelli with Nice winner

GMT 06:18 2017 Thursday ,19 October

Russian delegation meets with Julphar chairman

GMT 21:20 2017 Monday ,23 October

Nasr, delegation of London Stock Exchange
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday