U.S.-EU trade talks halt most likely option: French minister
French Education and Research minister Najat Vallaud-Belkacem (L) and junior Minister for Foreign Trade Matthias Fekl, leave after the weekly cabinet meeting at the Elysee Palace in Paris December 22, 2014. REUTERS/Gonzalo Fuentes
PARIS (Reuters) - A halt to trade talks between the European Union and the United States is now likely, French Trade Minister Matthias Fekl said on Tuesday.
Negotiators have been battling to reach a deal before President Barack Obama leaves office in January but points of contention remain, ranging from food safety standards to support for small business.
France has been particularly vocal about what it sees as a lack of movement on the U.S. side. "Given the approach being taken by the United States today, (a halt) is the most likely option," Fekl said on Europe 1 radio.
Fekl said in April that the talks should be scrapped in the absence of further progress.
His intervention comes a day after Greenpeace called for the talks to stop, citing concerns a deal would compromise food safety. To support its case it published confidential documents it said showed entrenched positions on the two sides.
The environmentalist pressure group argues that the proposed Transatlantic Trade and Investment Partnership (TTIP) would hand too much power to big business at the expense of consumers and national governments.
(Reporting by Yann Le Guernigou and Andrew Callus; Editing by James Regan and Dominic Evans)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Oil up nearly 1% as US and Iran trade fresh strikes
- Analysis-Not just Nvidia: these power and cooling firms are riding the trillion-dollar data centre boom
- Nicaraguan Congress passes Ortega-backed reform excluding opposition from elections
Create E-mail Alert Related Categories
ReutersRelated Entities
Barack ObamaSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share