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

Union Minister for finance Arun Jaitley chairing the 25th GST Council meeting, flanked by minister of state for finance Shiv Pratap Shukla (right) and finance secretary Dr Hasmukh Adhia. Courtesy: PIB

Textiles | On 20th Jan 2018

GST rate on velvet fabric reduced to 5%

The 25th Goods and Services Tax (GST) Council meeting, held under the ...

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

Textiles | On 20th Jan 2018

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

The revenue from the petrochemicals segment at Reliance Industries...

Courtesy: Cotton USA

Textiles | On 20th Jan 2018

US cotton bodies pledge to support CCI activities

Ten US cotton organisations have pledged industry contributions in...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Urs Stalder
Sanitized AG

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

January 2018

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
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

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
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

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
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

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
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


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