Home / Knowledge / News / Textiles / EU, US negotiators push to complete TTIP deal in 2016
EU, US negotiators push to complete TTIP deal in 2016
06
May '16
Courtesy: ICTSD
Courtesy: ICTSD
European and US negotiators for the Transatlantic Trade and Investment Partnership (TTIP) deal concluded their 13th round of talks in New York last week, with both sides reiterating their wishes to conclude an agreement this year, so long as it does not force a compromise on substance, the International Centre for Trade and Sustainable Development (ICTSD) has said on its website.

Meanwhile, a public debate has escalated over the TTIP's potential content, particularly in the wake of a “leak” of alleged trade deal texts by a Greenpeace.

The US has been pushing to reach a completed deal this year if possible before President Barack Obama leaves office. Ratification, however, is not expected in 2016, even if an agreement is concluded.

At the level of market access, the two sides are aiming to make progress in TTIP under three main pillars: goods, services, and government procurement.

On goods, the US and EU exchanged second offers on tariffs last October, which they noted at the time had put them on “comparable” levels in terms of tariff line coverage.

Discussions on tariffs continued during this round, officials said, specifically on the 97 per cent of tariff lines covered in the latest offers.

“We had agreed earlier to eliminate tariffs on 97 per cent of tariff lines, and at this round, we worked to increase the number of those tariff lines that would be zeroed out upon entry into force of the agreement,” said US chief negotiator Dan Mullaney at the closing press conference.

EU chief negotiator Ignacio García Bercero confirmed that the three percent of tariff lines not covered in each side's offer – the “most sensitive” – were not discussed during the New York meeting.

The TTIP cast its shadow over the talks just days after the conclusion of the round, with the Netherlands branch of the Greenpeace environmental group releasing a series of documents which it claims are “leaked” versions of deal's consolidated texts, dated prior to this latest negotiating round. The release has fuelled a media frenzy in its
wake.

Greenpeace also made a series of allegations based on its analysis of the texts, arguing that the documents they have seen appear to indicate EU compromises on areas such as the “precautionary principle” and a lack of explicit mentions on climate protection.

In response, EU Trade Commissioner Cecilia Malmström released a statement the same day which, she said, was needed to respond to some of the “misconceptions” that appear to exist about these “supposed leaks” being reported in media outlets.

She also pledged that the EU will never sign on to a trade deal that would require changes to laws on genetically modified organisms (GMOs) or force less stringent environmental protections, nor would they limit the 28-nation bloc in making rules aimed at protecting consumers and the environment.

“I am simply not in the business of lowering standards,” said Malmström.

However, in the wake of the leak, French President François Hollande said that, at this stage of the negotiations, TTIP would be unacceptable for his country. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Arvind Limited executive directors Punit Lalbhai (left) and Kulin Lalbhai explaining the project to Gujarat chief minister Vijay Rupani. Courtesy: Arvind Ltd

Apparel/Garments | On 18th Oct 2017

Arvind to set up mega apparel facility in Gujarat

Arvind Limited, one of India’s largest textile to retail...

Clash over monetary payment by UK at Brexit talks

Textiles | On 18th Oct 2017

Clash over monetary payment by UK at Brexit talks

The European Union (EU) and the United Kingdom (UK) are clashing over ...

Cotton stocks accumulating everywhere outside of China

Textiles | On 18th Oct 2017

Cotton stocks accumulating everywhere outside of China

Global cotton stocks outside of China are expected to rise by nearly...

Interviews View All

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.3%
No
13.6%
Skip
9.1%

Total Votes: 66

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
60.6%
No
28.8%
Skip
10.6%

Total Votes: 66

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
84.8%
No
10.6%
Skip
4.5%

Total Votes: 66

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
74.2%
No
12.1%
Skip
13.6%

Total Votes: 66


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search