Details of Negotiated EU-US Trade Deal to Be Accessible When Talks Progress

© REUTERS / Yves HermanPeople are pictured through a window at the European Parliament in Brussels October 1, 2014
People are pictured through a window at the European Parliament in Brussels October 1, 2014 - Sputnik International
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The Transatlantic Trade and Investment Partnership (TTIP) is a deal currently being negotiated by the European Union and the United States, which aims to eliminate trade barriers in a number of economic sectors to facilitate trade between the two regions.

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MOSCOW (Sputnik), Daria Chernyshova — The details of the Transatlantic Trade and Investment Partnership (TTIP), the largest free trade deal in history, will be available to all 751 members of the European Parliament once the talks enter the next level, a source in the European Commission told Sputnik Friday.

The TTIP is a deal currently being negotiated by the European Union and the United States, which aims to eliminate trade barriers in a number of economic sectors to facilitate trade between the two regions.

“[EU Trade] Commissioner [Cecilia] Malmstrom has launched a transparency initiative when she took over, and that is part of a fresh start in TTIP negotiations,” the source told Sputnik, adding that Malmstrom’s proposal is “when the negotiations enter the next round, the negotiations text and proposals that the EU is putting on the table will be accessible in the reading room in the European Parliament.”

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On Thursday, a member of the European Parliament told Sputnik that parliamentarians have to sign a confidentiality declaration which prohibits them from revealing details about the TTIP.

The source in the European Commission said that following Commissioner Malmstrom’s initiative, it is now up to the European Parliament to set up a reading room and make the text accessible to all the members of the European Parliament.

The European Commission, according to the source, supports wide public awareness of the negotiations and seeks to guarantee more transparency.

Last November, Cecilia Malmstrom announced steps to boost the transparency of the TTIP talks. The measures include extending access to TTIP texts to all Members of the European Parliament and publishing texts setting out the EU's specific negotiating proposals on TTIP.

Thousands of Europeans have signed petitions, urging that the negotiations on the trade deal between Washington and Brussels are halted and claiming that the agreement would negatively impact the European Union's economy.

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