SAWT BEIRUT INTERNATIONAL

| 28 September 2022, Wednesday |

Germany calls for new talks on transatlantic trade deal

According to a newspaper, Germany’s finance minister has called for new talks on a free trade agreement between the European Union and the United States, in an effort to restart talks that were halted by former U.S. President Donald Trump.

Trump halted talks on the so-called Transatlantic Trade and Investment Partnership (TTIP) and instead pursued a series of trade disputes with the EU.

“Negotiations on a transatlantic free trade agreement should be restarted. Especially in light of the (Ukraine) crisis, it is clear how important free trade with partners all over the world who share our values is “According to Christian Lindner, finance minister of Europe’s largest economy, Handelsblatt.

It is unclear how widespread support for such talks exists in Europe. In recent years, some officials have advocated for a resumption of operations, while others have been more cautious.

The German finance ministry did not respond immediately to requests for comment.

In a statement, the U.S. embassy in Berlin didn’t respond directly to Lindner’s proposal but said an existing U.S.-EU Trade and Technology Council ensured that trade and technology policies support broad-based growth.

“The current crisis shows the United States and Germany, and the European Union, are indispensable partners,” it added.

    Source:
  • Reuters