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TTIP talks - heading for termination?

Tuesday, August 30, 2016 - 01:24

The TTIP transatlantic trade talks appear to be in mortal peril after France adds its voice to calls from Germany for an end to the negotiations. As Laura Frykberg reports, three years of talks have so far failed to resolve myriad differences between the EU and US.

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Transatlantic trade talks are looking tenuous. France's trade minister, adding his voice to the growing chorus of concern. (SOUNDBITE) (French) FRENCH TRADE MINISTER, MATTHIAS FEKL, SAYING: "What France is asking for is the simple and final halt of those negotiations. Why? Because they were started without transparency." Germany's economy minister's expressed a similar sentiment. Saying on Sunday the deal - known as TTIP - has effectively failed. Both minister now at odds, with the official line from the U.S. government and the European Commission. (SOUNDBITE) (English) EU COMMISSION SPOKESMAN, MARGARITIS SCHINAS, SAYING: "Although trade talks take time, the ball is rolling right now and the Commission is making steady progress in the ongoing TTIP negotiations." Analysts though are sceptical. (SOUNDBITE) (English) JASPER LAWLER SAYING: "There are some fundamental differences involved, between the way the U.S. does trade and the way Europe does. And there are certain industries that Europe and particular countries want protected." Like food production and environmental safety. Under TTIP, critics say they'll be overpowered by U.S. multinationals. Supporters disagree. They say both sides of the Atlantic will be boosted by billions of dollars. The White House wants the deal done by the end of the year. But these troubled talks seem to getting further away, not closer, to conclusion.

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TTIP talks - heading for termination?

Tuesday, August 30, 2016 - 01:24