German Economy Minister: "TTIP Talks Have Failed"

Tyler Durden's picture

In the latest blow for Obama's global trade agenda, German Vice Chancellor and Economy Minister Sigmar Gabriel said that free trade talks between the European Union and the United States have failed, citing a lack of progress on any of the major sections of the long-running negotiations. "In my opinion the negotiations with the United States have de facto failed, even though nobody is really admitting it" ZDF quoted the minister, according to a written transcript of the interview to be aired on Sunday. “[They] have failed because we Europeans did not want to subject ourselves to American demands.

He added that in 14 rounds of talks, the two sides haven't agreed on a single common item out of 27 chapters being discussed. Among the stumbling blocks is a US objection to opening public tenders to European companies. “For me, that goes against free trade," Gabriel previously commented regarding the issue.

But more than just disagreement on general principles, Gabriel singled out the US as the party making strong demands with no concessions: "We mustn't submit to the American proposals," said Gabriel, who is also the head of Germany's center-left Social Democratic Party.

Gabriel accused Washington of being "angry" about the deal that the EU struck with Canada, known as CETA, because it contains elements the U.S. doesn't want to see in the TTIP.

Despite strong misgivings among many EU member states over the Trans-Atlantic Trade and Investment Partnership, or TTIP, especially by farmers in the European block, both Washington and Brussels had pushed for a deal by the end of the year. As AP reports, Sigmar Gabriel compared the TTIP negotiations unfavorably with a free trade deal forged between the 28-nation EU and Canada, which he said was fairer for both sides.

As AP adds, Gabriel's ministry isn't directly involved in the negotiations with Washington because trade agreements are negotiated at the EU level. But such a damning verdict from a leading official in Europe's biggest economy is likely to make further talks between the EU executive and the Obama administration harder. Surprisingly, Gabriel's comments contrast with those of Chancellor Angela Merkel, who said last month that TTIP was "absolutely in Europe's interest."

European critics of the TTIP have claimed that the treaty is dangerous as it could place the interest of international corporations above those of the nations they operate in, and undermine European standards for labor and environmental protections. Germany, where support for the TIIP has plunged over the past year, has seen a number of popular protests demanding that the TTIP never be implemented.

A recent survey, conducted by YouGov for the Bertelsmann Foundation, showed that only 17 percent of Germans believe the Transatlantic Trade and Investment Partnership is a good thing, down from 55 percent two years ago.

 

Even in the US, support for Obama's trade agenda has tumbled, with only 18% supporting the deal compared to 53 percent in 2014.

 

The European public has been unhappy with TTIP as the contents of the deal remain largely secret. However, recent leaks suggest that it will affect food safety laws, environmental legislation, banking regulations and open the EU for GM crops. Opponents of the deal have been staging protests in a number of European cities. The most recent one took place in Berlin last weekend, with activists calling for a nationwide demonstration on September 17.

With Gabriel saying the TTIP is effectively dead, Germany joins France, whose president Hollande said in early May that the "TTIP is doomed" adding that France "will never accept" challenges to its farming and culture in exchange for better access to U.S. markets. "That's why at this stage, France says no," the Socialist leader said at a conference on left-wing politics. French Trade Minister Matthias Fekl then said that negotiations "are totally blocked" and that a halt to talks "is the most probable option." 

"Europe is giving a lot ... but receiving very little in return," he concluded. Which, incidentally, is precisely how the US wanted it. It remains to be seen if the US will offer concessions to Europe now that the TTIP debate is all but finished, or if the US will demand strict adherence to rules that now clearly benefit mostly US corporations.

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nmewn's picture

We will now be treated to Hillary being for it before she was against it.

LetThemEatRand's picture

Just watch.  Whether its Cankles or Trump, TPP will become reality with supposed "tweaks."  

Manthong's picture

How damn ignorant and selfish of them.

Don’t they know that the U.S. has their best interests at heart?

GMO’s, increasing drug costs, sanctions on Russia and the perpetual protection of the Mickey Mouse franchise makes for a vibrant economy.

Looney's picture

 

Oh, c’mon babe! Just the TTIP?   ;-)

Looney

Paul Kersey's picture

"[They] have failed because we Europeans did not want to subject ourselves to American demands.”

It's not Americans who are demanding worldwide monopolies on prescription drugs and lawsuit-protected corporations. It the international corporations, with platform headquarters in the the US, who are making those demands. Teddy Roosevelt would have shattered those corporate monopolies into small pieces, but Obama and his Republican Congressional allies want to make sure that the western world's debt serfs have no escape from their lives of financial servitude. It's the Forbes 400 richest Americans, who have as much wealth as 180 million other Americans (61% of the US population), who are calling the shots.

The Forbes 400 are not just American "free traders", they are free TRAITORS to their fellow Americans. They, along with their bought and paid for, nationally elected Congressional middle men, should be incarcerated. What ever happened to this?

"Approved July 2, 1890, The Sherman Anti-Trust Act was the first Federal act that outlawed monopolistic business practices. The Sherman Antitrust Act of 1890 was the first measure passed by the U.S. Congress to prohibit trusts."

Manthong's picture

“TTIP - Free Trade Agreement”

Is that anything like the Affordable Care Act or the Patriot Act or Right to Work Laws or the Protect Life Act or  Citizens United or the Defense of Marriage Act or the The Internet Freedom Act ???? 

 

sixsigma cygnusatratus's picture

"In my opinion the negotiations with the United States have de facto failed, even though nobody is really admitting it"

 

You could say the same thing about all of Obama's policies, domestic and foreign.

therealestg9's picture

The elites said, alright you don't want TTIP? Say hello to my little friend (actually friends). Begin migrant wave.

conscious being's picture

And lawyers Manthong. You forgot the lawyers. Lots and lots of lawyers.

This thing was DOA a year ago. No one wants to be tied to the dying, sinking hedgemon.

nmewn's picture

One thing about Crony Cankles, she has always been one "evolving" piece of work...lol...

"She opposes the deal." (My edit)...NOW!...continuing... "But while serving as Obama's secretary of state, Clinton praised TPP as a deal that "sets the gold standard in trade agreements." Then, last fall, once the 12 participating nations announced they had finalized the text after years of negotiations, Clinton said she opposes it -- citing its lack of a crackdown on currency manipulation and provisions to extend pharmaceutical drug companies' patent protections in poorer countries. "I did say, when I was secretary of state, three years ago, that I hoped it would be the gold standard," Clinton said at an October debate with Sanders." Notice how her recollection of her own words becomes...fuzzy...over time? "It was just finally negotiated last week, and in looking at it, it didn't meet my standards. My standards for more new, good jobs for Americans, for raising wages for Americans. And I want to make sure that I can look into the eyes of any middle-class American and say, 'This will help raise your wages.' And I concluded I could not." Clinton's history is mixed on free trade. She spoke in favor of NAFTA when her husband signed it into law, but called it a "mistake" during her 2008 presidential campaign. She voted both for and against trade deals during her eight years in the Senate." Again, a mistake she never advocated to repeal...just "change"...tweak...or otherwise nibble around the edges but never repeal...because...she "cares" about middle class jobs being shipped overseas...or sumpin. http://www.cnn.com/2016/07/27/politics/tpp-what-you-need-to-know/index.h...
LetThemEatRand's picture

As Roger Waters said (paraphrasing), "Her lips move, but I can't hear what she's saying because every word that comes out of her mouth is a lie."

nmewn's picture

Money ;-)

Money, get away
Get a good job with more pay and you're O.K.
Money, it's a gas
Grab that cash with both hands and make a stash
New car, caviar, four star daydream,
Think I'll buy me a football team

wildbad's picture

this is simply GREAT fucking news..even if it comes out of Gabriel's mouth.

fuck killary and what she might do.  she will die of causes she herself has created.  no need for further action

UnschooledAustrianEconomist's picture

No, they won't get neither CETA nor TTIP through all the 27/28 (GB?) European parliaments. Not with European population being that pissed about current state of affairs and having both right and left wing folks against.

Just another nail in NWO's coffin.

Kirk2NCC1701's picture

Yes, they'll just come out with a New & Improved version (because it has their stamp on it), and call it... PITT, instead of TTIP.

Maybe with a promo ad, starring Brad Pitt. /s

No matter how they dress it up, it MUST be stopped -- by throttling TTIP in its incubator, lest we get full-scale Global Feudalism with a corporate veneer.

DownWithYogaPants's picture

Shrillary has Old Crone's disease.

Rich Stoehner's picture

Hilary will have the genius to rename it ATIPP

ConnectingTheDots's picture

Hillary will make some cosmetic changes to the text, then it will be renamed to something else and will then say it is no longer the TTP and will push its passage.

BrerRabbit's picture

What will I do when my Surströmming is no longer imported? Can't drink cheap Vodka without it.

Umh's picture

Are you sure you do not have that backwards?

Hulk's picture

You wll also fascinated to learn, Dear nmewn, that she was country, when country wasn't cool!!!

 

 

dark fiber's picture

It has failed because Brexit sent a clear message to the Eurocrats. Either lay off with your hidden agendas and dealings, or take your EU and shove it straight up your asses. So you know who to thank for this development.

Smegley Wanxalot's picture

It will pass.
The Almighty Soros hath decreed it (and he bought the votes already, too).

Winston Churchill's picture

They might be able to ram thru' the US end.

I assume Obozo hasn't threatened them with nukes,yet.

Speak softly and carry a big dildo.

JimmyRainbow's picture

gabriel is an asshole.

he has no problem telling the exact opposite 5 minutes later.

not trustworthy at all.

all that matters for him is to be chancellor candidate in the next election.

whatever he has to tell to get that positioning he will tell.

and thats his public part, behind doors he will tell something different as needed.

there is no substance under his skin, just bla bla bla.

Kirk2NCC1701's picture

What German parent names their kid 'Gabriel'?

Lemme guess...

Antifaschistische's picture

"we Europeans did not want to subject ourselves to American demands"

what! who do they think they are!!!  Next thing you know they'll be flying one of those damn Confederate Flags.

...and by the way, Obama would know a "trade" deal....he was just the pigeon for big x, y & x who tell him what to do.

Temple of Truth's picture

They're not lying this time, it's not American demands, it's Jewish Lobbyist's demands.

Tinky's picture

"[They] have failed because we Europeans did not want to subject ourselves to American demands.

This increasingly common reaction is one of the few bright spots in the world today.

Son of Captain Nemo's picture

Something to go with this bit of good news on what the Germans think of TTIP and "America in general"...

What the Germans need to do next with the likes of their American counterpart is throw out the likes of Stoltenberg and Merkel along with the U.S. military apparatus still epoxied to it's Country's turf issuing idle threats that something bad will happen to them if they are "forced to leave" after 71 years of occupation!

If Germany were to ever get the spine to do something like that... Then "bye" "bye" Brussels!!!

Preferably before November 8, 2016!!!

Sandmann's picture

http://voxeu.org/article/germany-s-capital-exports-under-euro

 

Interesting article explains the German Problem - and this is 2011 - it was ALL predictable

Son of Captain Nemo's picture

Excellent read Sand and proof that out of the starting gate it was doomed for failure!

Thx

Déjà view's picture

Interesting...Canada & Mexico have trade agreements with EU...follow the jobs...

AE911Truth's picture

TTIP usurps state sovereignty. It is a global power grab by transnational corporations. The EU is smart to oppose it. The USA would be smart to oppose it too, since it puts corporate greed above national interest.

 

Son of Captain Nemo's picture

The USA would be smart to oppose it too, since it puts corporate greed above national interest.

The "USA" is TTIP and the European Union!... Americans are too stupid to know or even care what their policymaker's agenda in Washington is inside the Country let alone OCONUS?!!

We'll be seeing Donald Trump with that "9/11 Gettysburg Address for the 21st Century" speech on September 11, 2016 before we'll see the TTIP and Euro "pulled"!!!

 

Killdo's picture

unfortunately Germans (led by that idiotic Merkel ) are even more stupid and they listen to everything Uncle Satan tells them to do. I kind of like Germans, but they seem quite slavish and naive (one dimensional) and religious too. Uncle Satan's perfect slavish useful idiots

Son of Captain Nemo's picture

Uncle Satan's perfect slavish useful idiots

Kd

And what a dangerous "combination" that is side-by-side that holds no boundaries!!!

lakecity55's picture

The Treaty is just another Grab for World Facism!

shovelhead's picture

Re-lable GMO to Organic.

Problem solved.

Big Corked Boots's picture

Which is why some are turning to Certified Naturally Grown.

 

bardot63's picture

The problem with the One Global Order push is that not all 'leaders' agree on who should be the top dog. China, Russia, the MidEast -- try putting them under the Western Thumb. Hell, the US can't even put Europe under its thumb. Whatcha gonna do with S. America?

Result as always: war to settle the issue. Trump is nationalist, not globalist. And he's catching on (Brexit) around the world. No wonder they are scared shitless of Trump. When Trump wins, there will be a Brexit every week.

Killdo's picture

I am scared $hitless of $hitlery

Absalon's picture

CETA looks like a really shitty deal for Canada - making Canadians subject to even more government interference, from more governments, than they already are.  Giving the Europeans a free hand to fish in Canadian coastal waters eems to be just plain insane given the history.

lakecity55's picture

If it's so fucking good, why is it Secret??

Killdo's picture

it's not secret for the ones it is good for