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27/09/2016

12 EU ministers back divisive trade deal with the US

Trade & Society

12 EU ministers back divisive trade deal with the US

Cecilia MALMSTRÖM, European Commissioner for Trade; Matthias FEKL, Minister for Foreign Trade of France

[European Council]

Ministers from 12 EU countries have written to the bloc’s trade chief to back a planned trade accord with the United States, declaring clear support for negotiations that have divided opinion on both sides of the Atlantic.

Brussels and Washington have officially committed to sealing the Transatlantic Trade and Investment Partnership (TTIP) before U.S. President Barack Obama leaves office in January.

But France cast serious doubt on TTIP last month, with its trade minister calling for a suspension of talks. Days earlier, German Economy Minister Sigmar Gabriel said TTIP had “de facto failed”, though Chancellor Angela Merkel has expressed her backing.

The signatories of the letter to EU Trade Commissioner Cecilia Malmström in support of the deal include the trade ministers of Sweden, Finland, Spain, Italy and Britain while Germany and France were notably absent.

The other signatories were Portugal, Ireland, Czech Republic, Latvia, Estonia, Denmark and Lithuania.

They said TTIP was an opportunity to shape modern trade rules and should be fully seized, according to the letter dated Sept. 14 and released by the Commission.

“We look forward to the continuation of the TTIP negotiations …and to working closely with the Commission in the coming months,” they said.

With national elections due next year in France and Germany, observers say politicians there are responding to public mistrust of a deal that critics say would lower environmental and food standards and allow foreign multinationals to challenge government policies.

The 12 ministers also expressed support for the Comprehensive Economic and Trade Agreement (CETA) that the EU has already struck with Canada.

They said they looked forward to the signing of CETA in Brussels on Oct. 27, prior to full ratification by member states’ parliaments.

“We must push for a trade policy that also stands up for workers’ rights, the environment, people’s health and our democratic space,” they said, in a nod towards critics.