| Title | Two Trade Deals Struggling for Approval | |
| Date | Monday August 29 2016, @01:07PM | |
| Author | janrinok | |
| Topic | ||
| from the not-surrendering-to-corporations-for-now dept. | ||
Common Dreams reports
Senate Majority Leader Mitch McConnell said [August 25] that the U.S. Senate will not vote on the 12-nation, corporate-friendly Trans Pacific Partnership (TPP) this year, buoying progressive hopes that the trade deal will never come to fruition.
[...] McConnell told a Kentucky State Farm Bureau breakfast in Louisville that the agreement, "which has some serious flaws, will not be acted upon this year".
Common Dreams also reports
Germany's Vice Chancellor and Economic Minister said that the controversial Trans-Atlantic Trade and Investment Partnership (TTIP) has "de facto failed", admitting that negotiations between the U.S. and E.U. have completely stalled.
"Negotiations with the U.S. have de facto failed because, of course, as Europeans, we couldn't allow ourselves to submit to American demands", Sigmar Gabriel told the German news station ZDF [1][2] in an interview that will air at 7pm German time [August 28], according to Der Spiegel. [1]
"Everything has stalled", Gabriel said.
[1] In German [2] Content behind scripts
Reported by BBC, in English.
In 14 rounds of talks, the two sides had not agreed on a single common chapter out of 27 being discussed, Mr Gabriel said. "In my opinion the negotiations with the United States have de facto failed, even though nobody is really admitting it," said Mr Gabriel.
He suggested Washington was angry about a deal the EU struck with Canada, because it contained elements the US does not want to see in the TTIP.
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