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Germany, France divided over EU-US trade deal

The European Commission and US negotiators began work on the Transatlantic Trade and Investment Partnership (TTIP) in 2013, aiming to create the world's biggest free trade market of 850 million consumers.

September 02, 2016 / 08:03 IST
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French Prime Minister Manuel Valls has demanded a "clear halt" to negotiations towards an ambitious US-EU trade agreement as Germany's leader stressed her continued support for the contentious pact.

The European Commission and US negotiators began work on the Transatlantic Trade and Investment Partnership (TTIP) in 2013, aiming to create the world's biggest free trade market of 850 million consumers.

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But the talks have become bogged down as widespread suspicion abounds in Europe that the deal would undercut the 28-nation bloc's standards in key areas such as health and welfare.

Yesterday, German Chancellor Angela Merkel reiterated her support for the deal, saying it was not in Europe's interest "to fall behind other regions" such as Asia which had inked similar deals with the United States.