EU’s TTIP trade deal with the US has collapsed, says Germany

According to the German economic minister, despite three years of negotiations, the EU long-term trade agreement with the United States has collapsed, negotiations have not shown signs of progress.

The same German deputy prime minister, Sigmar Gabriel, said that the difference between the EU and the US this weekend, and the EU countries "virtually" preventing the agreement to create a transatlantic trade and investment partnership across the Atlantic He insisted. (TTIP), this is the largest bilateral free trade agreement so far

TTIP is conceived as a broad free trade agreement between two large economic groups, according to which the European authorities estimate to increase the EU's GDP by EUR 120 billion (0.5%).

"In my opinion negotiations with the United States actually failed, but nobody acknowledged this," Gabriel said.

"Our European people can not succumb to the demands of the US, so negotiations with the United States actually failed and we can not move forward."

Central Left Social Democratic leader told the ZDF of the public broadcaster that negotiators did not reach an agreement on one item in chapter 27 of the treaty.

His remarks conflicted with Prime Minister Merkel's remarks and the prime minister called this agreement "for the benefit of the EU absolutely".

European Union and US negotiators are working on this agreement for three years and hope to reach a conclusion by the end of 2016

France's President François Olland opposed the plan to open European agriculture and movie market to more American competition, while German protesters claim that this agreement will compromise labor and environmental standards

In the United States, Donald Trump 's presidential candidate repeatedly opposed free trade, including a historic North American free trade agreement that began trade between Canada and Mexico in the 1990s.

He also criticized the Pacific Rim Regional Partnership (TPP), a cooperation agreement aimed at reducing trade barriers with East Asian countries, and said that a trade agreement with China "raped our country."

His democratic rival Hillary Clinton also promised to withdraw from the current TPP by returning to his previous zeal for the free trade agreement.

The failure of the TTIP negotiations will also affect the future of the UK outside the EU.

Brexit is expected to allow the country to freely negotiate its country's trade agreements with the countries of other countries of the world.

Critics are concerned that if the EU lacks the influence of group negotiations it will be difficult for the newly independent British to develop new agreements.

However, the failure of TTIP is likely to strengthen Brixitays' claim that the UK will be more flexible. The British does not adjust the individual needs of the EU 27 countries to the EU's joint efforts.

Many left-wing voters believe that the sole purpose of avoiding TTIP is to stay in the EU. In addition to arguing that EU - US trade agreements are best to avoid stupidity by staying outside the EU, this assertion assumes TTIP is dead, but this is absolutely true There is none. In addition, this statement makes the EU a negative parties in negotiations, but it has already completed similar trade agreements in other parts of the world - and more aggressive negotiations are ongoing. . It was signed by various countries, threatening to reduce or downgrade favorable terms of trade provided to developing countries until the end of the negotiations. Paul Spray, Director of Policy and Projects at Traidcraft, says:

"The European Union Chamber of Commerce is an enthusiastic supporter of the Free Trade Agreement being negotiated between the EU and the US This agreement is known as the Transatlantic Transit Trade and Investment Partnership (TTIP), the shale gas in Europe As we can see from regulatory measures, it is considered to be a "trade barrier" like the harsh environmental social protection law, and it states as follows. "It is very important not to give excessive restrictions on the equipment and services imported into the EU."