18:59 GMT +3 hours25 July 2016
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Demonstrators hold a sign against the TTIP contract during a protest.

Agreement on TTIP Unlikely to Be Reached During Obama Presidency

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White House Press Secretary Josh Earnest said that a planned free-trade agreement between the European Union and the United States probably will not be reached during the presidency of Barack Obama.

NEW YORK (Sputnik) – A planned free-trade agreement between the European Union and the United States probably will not be reached during the presidency of Barack Obama, White House Press Secretary Josh Earnest said during a press conference on Monday.

"I do not believe that we are going to reach a TTIP [The Transatlantic Trade and Investment Partnership] agreement before the President leaves office but he’s certainly interested in moving those negotiations forward," Earnest said.

Earnest gave no timeline as to when the agreement may be finalized but added that he hopes the agreement will be made "under the leadership of the next US president."

The TTIP agreement would reduce barriers to trade in goods and services between Europe and its largest export market, the United States.

Negotiations on the agreement have been ongoing between Washington and Brussels since 2013. The 12th round of US-EU talks is due to be held in early 2016 with the aim of drafting the full text of the agreement before the end of the year.

Anti-TTIP activists criticize the trade deal for the unusual secrecy in which it is being negotiated, and are concerned that released sections of the document clearly show that it will benefit multinational corporations and corporate rights-holders at the expense of sovereign nations and consumers.

President Obama leaves office on January 20, 2017.

Related:
Investment Court Has 'No Legal Basis' in TTIP - German Magistrates Union
New Study Unable to Outline Benefits of TTIP
Campaigners Slam UK Government Secrecy Over TTIP Documents
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Transatlantic Trade and Investment Partnership (TTIP), Barack Obama, United States
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  • FlorianGeyer
    "hopes the agreement will be made "under the leadership of the next US president."

    Much of the world is getting rather bored with the ' leadership ' of the self styled 'exceptional' and 'indispensable ' USA.

    Especially when the likely next president will either be a warmongering buffoon or a warmongering buffoon.
  • It will be very fortunate that this treasonous TTIP agreement will not be signed off before Obastard is rid of. Unfortunately the same cannot be said about the corrupt TPP has been signed off. All the countries involved in this can now kiss there a*ses goodbye to septic (US) corporate multinationals. This IS a conspiracy against its people and treasonous to those who sign it!!!
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