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Economics

What is your attitude to A. Merkel’s intention to resume talks on the free trade area with the US?

September 20, 2017

German Chancellor A. Merkel expressed a desire to resume talks on a Free Trade Agreement between the European Union and the United States. According to her, only the talks can help to resolve a significant number of trade complications and the issue of cooperation between the US and the EU. In view of this, Germany is seriously interested in returning to the negotiations on a European-American Free Trade Area. In addition, chancellor’s colleague, the chairman of the CDU faction Volker Cowder stated that the EU should firmly respond to the US Administration on its trade policy and the intentions of President Donald Trump to protect the American economy from foreign competitors. Subsequently, the European Commissioner for Trade, Cecilia Malmstrom, said the EU would try to resume talks on free trade with the United States after the formation of the new Administration of President Donald Trump. In general, talks between the European Union and the US on the Transatlantic Trade and Investment Partnership (TTIP) have been in place for more than three years starting 2013. After coming to power in the United States, Donald Trump froze the already complicated negotiation process. In the end, in January, the US withdrew from the Trans-Pacific Partnership (TPP) treaty. In fulfilling his pre-election promise, D. Trump signed the relevant Decree. However, advocates of the environment and consumer rights are against this Treaty, believing that it will reduce European standards.

So, what is your attitude to A. Merkel’s intention to resume talks on the free trade area with the US?

  • Positive, I support the free trade area between the US and the EU
  • Negative, I don't support such a decision
  • Difficult to say
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