TTIP on the Brink of Failure: EU ‘Frustrated’ About US Proposals
SputnikNews.com
14.05.2016
The Transatlantic Trade and Investment Partnership (TTIP) is unlikely to be implemented in the near future. The EU negotiators are frustrated about the potential deal, as the stances of European countries and the US have little in common, German newspaper Deutsche Wirtschafts Nachrichten (DWN) wrote.
Referring to the website EUobserver, the newspaper noted that EU negotiators have become frustrated about the deal and don’t believe in the success of the TTIP anymore.
The main problem is fundamentally different visions of the US and the EU about the nature of the agreement.
“The US is pressuring the EU to roll back environmental and health standards as part of a free trade deal,” the website wrote. “The US also wants to keep the current arbitration system that allows corporations to sue governments for perceived loss of profits.”
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