07:36 GMT +316 October 2019
Listen Live
    TTIP

    US Committed to Completing TTIP Negotiations by End of the Year

    © Flickr/ Piotr Świderek
    Politics
    Get short URL
    2410
    Subscribe

    The United States hopes negotiations over the Trans-Atlantic Trade and Investment Partnership (TTIP) will be completed before the end of 2016, White House spokesperson Josh Earnest said at a press briefing on Monday.

    WASHINGTON (Sputnik) — On Sunday German Vice Chancellor and Economy Minister Sigmar Gabriel told ZDF broadcaster that the negotiations had failed because European countries are concerned about certain American demands that would violate environmental legislation, banking procedures and investment rights.

    "The president has set a rather ambitious goal of trying to complete those negotiations by the end of the year and that certainly is what his team is working to do," Earnest stated.

    The US government started discussions over the free trade zone with the European Union in 2013. The details of the TTIP deal, including specific rules of market access have not been released to the public.

    Other countries involved in the TTIP include Canada, Mexico, Switzerland, Liechtenstein, Norway and Iceland.

    Related:

    EU-US TTIP Talks Entering 'Crucial' Stage - European Commission
    TTIP Dead: Massive US-EU Trade Deal Falls Apart Says German Vice-Chancellor
    This is Why US, Europe Cannot Agree on TTIP Trade Deal
    Russian Prime Minister Medvedev Says TPP, TTIP 'Encroaching on WTO'
    EU, US Still at Odds on Tariffs, Services, Procurement in TTIP Talks
    Hans-Juergen Papier: EU Should Pause TTIP Talks for Constitutional Reasons
    EU-US Trade May Double in Case of TTIP Implementation
    Tags:
    Transatlantic Trade and Investment Partnership (TTIP), European Union
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik