The EU is negotiating a trade and investment deal with the US – the Transatlantic Trade and Investment Partnership – or TTIP. Transatlantic trade and investment partnership t tip TTIP can’t be a deal at any price. In 2013 EU governments gave the Commission a mandate to negotiate TTIP.
And when we have a final text, it’ll be governments and MEPs who decide. A detailed report of the 14th round of TTIP talks is now available. It sets out progress achieved, chapter by chapter. Trump has indicated a move away from multilateral trading blocs, a conservative think tank has said. The deal, a central plank of former President Barack Obama’s trade policy, had been lauded by globalists for its geo-political, as well as economic, significance.
We want to start making our products again. We don’t want to bring them in, we want to make them here. That doesn’t mean we don’t trade because we do, but we want to make our products here. Speaking to an audience at a think tank event in Brussels today, EU Trade Commissioner Cecilia Malmström conceded that Trump’s rhetoric meant that TTIP was, if not dead, certainly on ice for the time being.