US, EU trade deal could be significantly delayed

Global Business

European officials have admitted the signing of an ambitious trade deal between the US and the EU is likely to be significantly delayed. Controversy over the so called TTIP agreement on both sides of the Atlantic means the deal is unlikely to meet its deadline of the end of 2015. CCTV America’s Jack Parrock filed this report from Brussels.

US, EU trade deal could be significantly delayed

US, EU trade deal could be significantly delayed

European officials have admitted the signing of an ambitious trade deal between the US and the EU is likely to be significantly delayed. Controversy over the so called TTIP agreement on both sides of the Atlantic means the deal is unlikely to meet its deadline of the end of 2015.CCTV America's Jack Parrock filed this report from Brussels.

Highlights:

  • The chief of E.U. trade, Commissioner Cecilia Maelstrom stated the deal probably won’t be done by the end of 2015 as planned.
  • Anti-TTIP groups have criticized a clause in the deal that would allow cooperation to take legal action against governments if they change their investment policies. Firms deem these damageable to business interests.