Arab Today, arab today eu us look for fresh start in trade talks
Last Updated : GMT 10:07:59
Arab Today, arab today
Arab Today, arab today

EU, US look for 'fresh start' in trade talks

Arab Today, arab today

Arab Today, arab today EU, US look for 'fresh start' in trade talks

Chief EU negotiator Ignacio Garcia-Bercero (R) and chief US negotiator Dan Mullaney shake hands after holding a press conference in Washington,DC
Brussels - AFP

US negotiators travel to EU headquarters in Brussels Monday to jumpstart talks on the world's biggest-ever free trade deal, which after nearly two years remain bogged down by public opposition.
The future of the Transatlantic Trade and Investment Pact, or TTIP, is in doubt in the face of bitter opposition by activists and mixed signals from key governments, including Europe's biggest economy Germany.
"This is the dirtiest trade deal in Europe's history," a new video posted by the anti-TTIP group Corporate Europe said.
Particularly controversial is a plan to let companies have legal disputes with governments heard by supra-national tribunals, which campaigners say would undermine national sovereignty and favour corporations.
The historic drive to create a market of 850 million people, linking the 28-nation European Union and the United States, began 20 months ago and on the eve of the eighth round of talks many believe the process is at a make-or-break stage.
The four days of talks starting Monday will be the first since the new European Commission led by Jean-Claude Juncker took office in November, with the outspoken Swede Cecilia Malmstroem charged to salvage the talks as the new trade commissioner.
"This is the first round after the fresh start. I am very curious how things have developed," said Luisa Santos of Business Europe, an influential pro-business and pro-TTIP lobby in Brussels.
- Historic pact -
The ambitious pact would be unique in history, analysts said.
It would not just slash the already low trade tariffs between the world's two top economies, but crucially it would also harmonise regulations to an unprecedented degree, affecting goods and services as far-ranging as Roquefort cheese and accounting.
"We are dealing mainly with regulation and more specifically, de-regulation," said Tom Jenkins, a senior advisor at ETUC, a European trade union group.
"People are quizzical to say the very least," he said.
Campaigners are convinced that powerful interests are selling the consumer short in secret negotiations.
But instead of setting aside negative opinion, as is often the case in the early rounds of trade talks, the EU decided to face the critics, embracing dialogue and transparency, at least to a degree.
"We are aware of the sensitivities, of all the concerns and criticisms," an EU source told AFP. "We are also aware of our own efforts towards transparency and we are also aware that more can be done."
The EU has even published texts that previously would have remained confidential, including the bloc's official negotiating mandate.
"Traditionally, trade deals were made in smoke-filled rooms, behind closed doors. TTIP is the first where there is a crack in the door," Jenkins said.
- 'Transatlantic renaissance' -
But the most contentious part of the deal may be the hardest to get rid of, given how keen the United States is to include rules for investor protection.
The Investor-State Dispute Settlement, or ISDS, allows firms to sue national governments through tribunals instead of national courts if they feel that local laws -- such as health and safety regulations -- violate the trade deal and threaten their investments.
The influential German government has blown hot and cold on the clause despite greenlighting the EU's mandate to achieve it.
Opposition to ISDS became so intense that Malmstroem's predecessor Karel De Gucht, in order to move the talks forward, excluded it from the US-EU negotiations pending the outcome of a public consultation.
The EU received almost 150,000 replies -- an EU record -- and almost all were negative.
"The consultation clearly shows that there is a huge scepticism against the ISDS instrument", Malmstroem said.
Anti-TTIP protesters also handed in a petition signed by 1.1 million people.
To make matters worse, some in the EU question Washington's true commitment to the deal, fearing it might be more interested in Asia.
"We have to ensure there is strong political commitment from both sides," said Business Europe's Santos.
But US Assistant Secretary of State for European Affairs Victoria Nuland recently swiped away such talk, calling for a "transatlantic renaissance".

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu us look for fresh start in trade talks Arab Today, arab today eu us look for fresh start in trade talks

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday