Sunday, August 28, 2016

German authorities have confirmed the failure of the negotiations of the EU and the US on a free trade zone – Journalistic truth

FRG Vice Chancellor and Minister of Economy and Energy Sigmar Gabriel said the talks on a transatlantic free trade zone between the US and the EU countries (TTIP).
 

As suggested by the Vice-Chancellor and Minister of economy and energy of the Federal Republic of Germany, Sigmar Gabriel, “negotiations with the United States de facto failed, though none of it and I did not notice, “according to The Associated Press. Gabriel explained that the results of 14 rounds of negotiations and has not generated any kind was audible agreed text of any of the 27 chapters of the planned agreement.

Gabriel recalled that the first round of negotiations on TTIP held still ninth in July 2013 in Washington. The initiators of the talks had hoped that an agreement will enable the United States and Europe to create over 13 million new jobs and will contribute to the growth of international trade, for example, an increase in EU exports to the United States by 6.6% and imports from the United States by 12.4% annually .


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