The US Congress and European Parliament vote are TTIP’s 10th round’s lucky cards

"So we meet again". Dan Mullaney, Chief US Negotiator for the Transatlantic Trade and Investment Partnership (TTIP), and Ignacio Garcia Bercero, Chief EU Negotiator for the TTIP, participated at the 10th round of the Transatlantic Trade and Investment Partnership (TTIP) talks, taking place in Brussels from 13 to 17th July 2015.

“So we meet again”! Dan Mullaney, Chief US Negotiator for the Transatlantic Trade and Investment Partnership (TTIP), and Ignacio Garcia Bercero, Chief EU Negotiator for the TTIP, participated at the 10th round of the Transatlantic Trade and Investment Partnership (TTIP) talks, taking place in Brussels from 13 to 17th July 2015.

The 10th round of the Transatlantic Trade and Investment Partnership (TTIP) negotiations between the European Union and the United States concluded last Friday in Brussels. The week of meetings and talks between US and EU negotiators came in a very delicate moment for the gigantic trade agreement, as EU Chief Negotiator Ignacio Garcia Bercero’s commented.

A crucial moment

“This week’s round has taken place at an important moment in these negotiations”, Mr. Garcia Bercero said at the final press conference in Brussels, before mentioning a few, crucial steps of TTIP’s recent history in Europe. Mr. Garcia Bercero openly referred to the 8 July vote, when the European Parliament approved its recommendations to European Commission’s TTIP negotiators – the so-called Lange Report – by 436 votes to 241, with 32 abstentions.

8th of July’s fireworks

Actually the 8 July vote, which had originally been scheduled for June’s plenary session and was postponed at the last minute by Parliament President Martin Schulz because of the “too many amendments” (more than 200) requested, represented a milestone in TTIP history. That day the European Parliament formally paved the way for the controversial Investor-state dispute settlement (ISDS) mechanism to be part of the EU-US trade agreement, although with a different look and content.

MEPs called for more transparency and said any ISDS mechanism “undercut democratic oversight” and so should be replaced by a public court procedure. From that moment on, all eyes have been pointed to last week’s meetings to see how the ISDS clause will be included in a final TTIP text and, possibly, know more about the future of the mammoth trade agreement itself.

“On 8 July the European Parliament gave strong support to the negotiations”, EU Chief Negotiator Garcia Bercero said last Friday. “This [the 8 July go-ahead] provides EU negotiators with a ‘strong and forwardlooking’ political guidance on how we should be engaging in the next phase of these negotiations. It also underlines that only a comprehensive, balanced and ambitious agreement would get the support of the European Parliament”, Mr. Garcia Bercero told reporters in Brussels at the end of the 10th round of talks.

No news good news on ISDS

That was basically all that Mr. Garcia Bercero had to say about the ISDS, to a great disappointment of many reporters in Brussels. He declared indeed that he and his US counterpart “had no discussion on investment protection or ISDS”, when asked if the subject had ever come up. “We will be able to put through a proposal in many ways different from the existing ISDS regime. We will now be working to finalise a proposal once we have gone through discussions with member states and the Parliament,” Mr. Garcia Bercero specified. US Chief Negotatior Dan Mullaney said the United States also understood the issues raised by the EU, and that “the US side is very much looking forward to the time, in the very near future, to get” the EU proposal.

Obama’s legacy

The US, indeed, can be an additional engine for the TTIP, in a moment in which Europe is dominated by a general lack of enthusiasm (not only around trade deals, for sure). “We have worked this week with strong political wind in our wings,” Mr. Garcia Bercero said, indeed referring to the support a recent accord in the US Congress gave to the world’s biggest free trade accord. Indeed what happened just a few weeks ago in the States represents a big step on the other side of the Atlantic.
The Obama administration was given a major policy victory on the 24th of June, when the Congress approved a major trade package that practically expands Obama’s powers to negotiate the Trans-Pacific Partnership and other trade deals, including TTIP. This kind of “fast-track authority” is not new in the history of the United States, and clearly testifies the will of Obama administration to take TTIP back home before its time is over.

TTIP politics

TTIP looks politically strong now. The 8 July vote and the stubborn pressure of Obama administration might represent ‘a game changer’, but still negotiations and works look like they are proceeding with the handbrake on. Again, we have enthusiasm around the meeting room, but it is not very clear how talks are going and what significant achievements they are bringing, especially because of the too many open points on the way.

“We have an opportunity to conclude TTIP in the Obama term but there is still a lot of work to do” Mr. Mullaney said, perhaps clarifying it all.

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Featured Stings

ECB money bonanza not enough to revive euro area, Germany longs to rule with stagnation

The vicious cycle of poverty and exclusion spreads fast engulfing more children

“Hasta la vista” Google says to Spain and now Europe is next?

The ECB proposes a swift solution for SMEs’ financing

The EU spent €158 billion on vague, open-ended rural projects

China hopes EU Commissioner De Gucht drops super anti-dumping tariff on solar panels

Fighting for minds of youth in Latvia

EU prepares for the worst case scenario as Turkey seems to be withdrawing from the migration deal

2013, a Political Odyssey: What future for Italy?

Eurozone set to abandon monetary and incomes austerity and adopt growth friendly policies

Migration Crisis: how to open the borders and make way for the uprooted

The UN supports Europe’s military action in Libya and the Mediterranean; Russia and China agree

A hot autumn after a cool summer for Europe

Eurozone: Avoiding a new Greek accident

What is the IMF telling Eurozone about fiscal and banking unification?

The EU moulds a new compromise for growth and financial sustainability

Cédric in India

G20 LIVE: Fact Sheet from the G20 Leaders Summit and key outcomes (G20 Antalya 2015 Summary)

EU to gain the most from the agreement with Iran

The Commission sees ‘moderate recovery’ but prospects deteriorate

How will the NATO-EU competition evolve in the post Brexit era?

The rise of alternative medical practices in modern sports

China Unlimited Special Report: at the heart of Beijing

High level political talks didn’t break the stalemate in Ukraine

Historical success for the First ever European Presidential Debate

Austerity lovers and ‘relaxationists’ fight over the EU budget

The EU Commission lets money market funds continue the unholy game of banks

Imaginary Journeys Into Eternal China

World Retail Congress announces Dubai 2016 Hall of Fame Inductees

How bad is the Eurozone economy? The ECB thinks too bad

Will the French let Macron destroy their party political system?

IMF asks Europe to decide on bank resolutions and the Greek Gordian knot

MWC 2016 LIVE: CEOs issue rallying call to drive ‘gigabit economy’

The Future of Balkans: Embracing Education

MWC 2016 LIVE: Xiaomi looks to revive growth with flagships

CHINA UNLIMITED. PEOPLE UNLIMITED. RESTRICTIONS LIMITED

The Junior Enterprise concept: Business & Education

Eurozone retail sales fall shows recession

Volkswagen getting away with it in Europe

Greece returns to markets at a high cost to taxpayers, after four years out in the cold

Bram in Colombia

Solitary Britain sides with US aggressing Russia and chooses hard Brexit

Crimea: The last bloodless secession of a Ukraine region?

“These Romans are crazy”, the “Greek Gauls” will be shouting today in Brussels hoping Caesar backs off

Quality Internships: Towards a Toolkit for Employers

The Ecofin deceives the SMEs with the EIB €10bn capital increase

Dark spots on EU humanitarian aid spending

Kellen Europe Hosts EuroConference 2016

Counting unemployment in the EU: The real rate comes to anything between 16.1% and 20.6%

Prevent future crises and empower youth – now!

Theresa May in search of a magic plan to invoke Article 50 and start Brexit negotiations now

Why do medical students need to go abroad to become a doctor in 2017?

The Eurogroup offered a cold reception to IMF’s director for Europe

EU secures more and cheaper energy supplies

Financiers can turn the world into a dirty and dangerous place

Why the merchant ships can pollute the atmosphere with CO2 quite freely

Ukraine: Is there a political force able to undo the division?

The JADE Spring Conference 2017 is casting its shadows before

COP21 Breaking News_04 December: Building a Sustainable Future – speech by UNEP Deputy Executive Director Ibrahim Thiaw at the LPAA Thematic Event on Buildings

“C’est la vie”? French recession and unemployment to linger in Eurozone

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s