Friday, September 23, 2016

US-EU Trade Talks "De Facto Dead"

President Obama was hoping to get two trade agreements in the waning days of his administration.
However, this week the German Economy Minister stated the US-EU TTIP  talks were “de facto dead”. The US-Asia TPP talks have been dead as a doornob for some time.
Both deals were allegedly about free trade. In fact, neither was.
Nonetheless, that both deals died after years of negotiation is systematic of a bigger problem: rising protectionism everywhere, led by the US and EU.
Austria and France will on Friday propose ending the current round of trade talks between the United States and the European Union, and starting fresh talks under a new name, Austrian Economy Minister Reinhold Mitterlehner said.

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