19:38 GMT +316 July 2019
Listen Live
    Protesters depicting Statue of Liberty (L) and Europa on the bull take part in a demonstration against Transatlantic Trade and Investment Partnership (TTIP) free trade agreement ahead of U.S. President Barack Obama's visit in Hannover, Germany April 23, 2016

    EU, US Still at Odds on Tariffs, Services, Procurement in TTIP Talks

    © REUTERS / Kai Pfaffenbach
    Business
    Get short URL
    0 34

    The European Union remains in disagreement with the United States on tariffs, services and procurement in the draft text of the controversial Transatlantic Trade and Investment Partnership (TTIP), the chief negotiators said after the 14th round of talks Friday.

    MOSCOW (Sputnik) – US negotiator Dan Mullaney said the sides agreed to eliminate duties on 97 percent of approximately 8,000 tariff lines, leaving up to 300 tariff lines the toughest to negotiate. The sides continued to wrangle over the 3 percent in recent rounds of negotiations.

    "On market access, the European Union aims at the compatible level of ambition on tariffs, services and public procurement. We are not there yet. On tariffs, we have exchanged offers twice, which led to a very advanced stage of negotiations," EU's Ignacio Garcia Bercero told reporters in Brussels.

    "To complete this work, much remains to be done this year, and, as in any, negotiations the most difficult issues are usually the last to be resolved," he stressed.

    Following four-day negotiations that wrapped up earlier in the day, the much-criticized TTIP trade accord is set to contain up to 30 chapters governing market access, regulatory cooperation as well as institutional rules

    Related:

    Hans-Juergen Papier: EU Should Pause TTIP Talks for Constitutional Reasons
    EU-US Trade May Double in Case of TTIP Implementation
    US, France Committed to TTIP Trade Deal Despite Brexit - Treasury Secretary
    Tags:
    Transatlantic Trade and Investment Partnership (TTIP), European Union, United States
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik