News out of Germany that U.S. trade negotiations with Europe similar to the one that produced the Trans-Pacific Partnership have collapsed is another sign that an organized grassroots is successfully putting the multinational corporate trade agenda on its heels.
Britain’s Independent, in an article published Monday, quotes Germany’s Vice-Chancellor Sigmar Gabriel as saying free trade negotiations between the European Union and the United States have failed, but that “nobody is really admitting it.”
The trade deal is called the Trans-Atlantic Trade and Investment Partnership, or TTIP. It is being negotiated between the U.S. and the members of the European Union. Discussions have been going on at the same time the Trans-Pacific Partnership, a 12-nation deal that includes several Asian countries as well as Western Hemisphere nations, was being forged.
The BBC published an article on its website Monday with a headline framing the TTIP collapse as a question rather than a declarative fact, but noted in its story, “There are many critics who hope Mr Gabriel’s assessment is right.”More ...