Chancellor Angela Merkel gave support from Germany to the Transatlantic Trade and Investment Partnership (TTIP) in front of the G7, hoping that negotiations and TTIP itself will be finalized and agreed by 2017, urging both parties, EU and US, to lead to an accord before President Barack Obama leaves the White House in January 2017.
Considering that there are twelve countries involved in the Trans-Pacific Partnership, including the United States, Japan, Vietnam and Australia, Merkel stated referring to Asia that “it is in the interest of our jobs and our prosperity that we encourage trade with the United States and not give it up to competitors from other regions”. She is affraid that with no agreement on TTIP by the end of 2016 or beginning of 2017, the situation could lead into a major interruption on the conversations.
source image: www.welt.de
