The head of the European Parliament said late on Friday he would hold emergency talks in a bid to save a free trade deal between the European Union and Canada that looks to be foundering amid protracted disagreements.
Last-minute talks between Canada and the European Union to salvage a landmark free trade deal have failed, Canada’s International Trade Minister confirmed in an emotional statement to the media as she walked out of the negotiations in Belgium today.
If the TPP is not yet politically dead in the United States, it certainly seems to be on life support. Last month Mitch McConnell, the Republican majority leader of the Senate, confirmed his intention not to seek a vote on the TPP until the new president takes office in January.
HANOI, Vietnam (AP) — A Vietnamese official says the country needs more time before it ratifies the Trans Pacific Partnership, dealing a blow to the trade deal, which includes the United States and Japan.
It could take the U.K. “many years” to establish fresh trade deals with fellow members of the World Trade Organization once it has left the European Union, the chief economist of the Geneva-based body said.