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EU-US trade talks to last until mid-2016

Staff writer ▼ | February 24, 2014
As the European Union and the United States wrap up a week of talks on the transatlantic trade and investment partnership (TTIP) in Washington, the EU still says it hopes to have something to show before the European elections in May.
Dollar euro
Dollar euroAs the European Union and the United States wrap up a week of talks on the transatlantic trade and investment partnership (TTIP) in Washington, the EU still says it hopes to have something to show before the European elections in May.


But observers say the real, final deadline is mid 2016, just before the US elections. Partners on both sides of the Atlantic have expressed hope to finish negotiations on the trade deal swiftly, perhaps even before the end of this year, reports EurActiv.

Experts argue this target is over-optimistic. "There is no evidence that they can get this done before," Bruce Stokes, director of the global economic program at the Washington-based Pew Research Center, told EurActiv. The real deadline negotiators should focus on "is whether they can get it done before the presidential elections in the US, in 2016."

European and American representatives engaged in a stocktaking exercise in Washington this week on the negotiation process. A fourth round of talks in due in March, at an EU-US summit in Brussels. But negotiations are likely to be suspended between April and the autumn due to the European Parliament elections.


 

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