US-EU TIPP trade agreement utter failure

Germany, August 28 — The United States and Germany negotiations over┬áThe European Union Transatlantic Trade and Investment Partnership (TIPP) have effectively failed after three years of talks.

German Vice Chancellor Sigmar Gabriel said “in my opinion the negotiations with the United States have de facto failed, even though nobody is really admitting it,” adding “nothing is moving” — via DW and German broadcaster ZDF.

Mr. Gabriel continued to say that after 14 rounds of talks and of 27 chapters under discussion the two sides did not agree even on one chapter. When asked why such a lack a progress Mr. Gabriel answered “we Europeans did not want to subject ourselves to American demands,“.

Read the full article at DW.