At a key meeting in Bratislava last Friday, EU ministers effectively put the controversial Transatlantic Trade and Investment Partnership (TTIP) negotiations on hold, perhaps forever. Even the perennially upbeat EU commissioner responsible for trade, Cecilia Malmström, admitted: “All ministers expressed their doubts about being able to conclude this before the end of the Obama presidency, and indeed, it looks increasingly unlikely.” Since both candidates for the US presidency have said they are dissatisfied with current trade negotiations, that makes TTIP’s long-term fate extremely uncertain. (…)
The failure to be anywhere near completion of TTIP after three and a half years of negotiations has added to the political pressure on EU ministers to pass the smaller trade deal with Canada, known as the Comprehensive Economic and Trade Agreement (CETA). Despite worries expressed by a number of member states, it looks increasingly likely that EU nations will formally sign CETA on October 18.
Glyn Moody in Ars Technica: TTIP on its deathbed, but CETA moves forward despite growing concerns »
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