After nearly a dozen days of negotiations between the European Union and the United States, the Transatlantic Trade and Investment Partnership will not be formally announced until the next round of talks.
The EU-US negotiating process was supposed to be completed on April 3, 2017, by which time the Transatlantic Trade and Investment Partnership would come into force. However, some EU member states and organizations, including the European Commission, the European Parliament, and the Council of the European Union (EC), have refused to start the process until President Donald Trump decides on the TPP.
This refusal to sign the deal will likely have far reaching consequences not only for EU–US negotiations, but also for negotiations with the rest of the world in general. However, this refusal is one of the main reasons why members of the EU and the US political coalition are looking for ways out of the stalemate. EU trade commissioner Cecilia Malmström, who is leading the negotiations in Brussels, had a clear message for US negotiators:
“We have told the administration that we will not proceed without the United States,” she said on April 8.
Malmström added that she had reached consensus with the US side on both technical and political grounds for concluding the deal before April. She had been in constant contact with US negotiator Robert Lighthizer throughout and was willing to discuss the technical aspect of the negotiations with his colleagues.
Lighthizer said that it was the United States where his priorities are. He is the negotiator of all TPP-related international trade negotiations for the US, but the United States has a far greater role than the US does in all trade negotiations with other countries – such as Mexico, Canada, and Japan. Lighthizer emphasized that he is prepared to talk with all parties, even members of the EU, and will consider negotiating away the deal if the US refuses to sign.
The European Commission is not alone in negotiating for withdrawal from the TPP, but the European Council, in agreement with both Malmström and the president of the European Parliament, Martin Schulz, is pushing for a withdrawal from the TPP as well.
EU trade commissioner Cecilia Malmström on February 20, 2017 in Brussels. [Photo: European Parliament
The United States and Mexico also have very different economic policies to what the EU and the United States have. Mexico and the United States differ in their regulatory and regulatory framework, tax regime, and regulatory framework in agriculture, financial services, and
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