Thomas Paine

Thomas Paine
"These are the times that try men's souls. The summer soldier and the sunshine patriot will, in this crisis, shrink from the service of their country; but he that stands by it now, deserves the love and thanks of man and woman."

Wednesday, 4 May 2016

Doubts rise over TTIP as France threatens to block EU-US deal

From the Guardian - French president rejects trade pact in current form as lead negotiator blames Washington for impasse a day after leak revealed ‘irreconcilable’ differences:

Although it does now appear that TTIP is a deal that will not be done, based on Hollande's insistence that the French will not accept the inclusion of the controversial ISDS clause - along with “the undermining of the essential principles of our agriculture, our culture, of mutual access to public markets”. Nevertheless, it would have been more reassuring if he had made this statement before the leak of TTIP documents on Monday that showed both the EU, who is negotiating the deal for the EU nations, is not following the mandate given to them to protect European environmental and health standards. 

Hollande faces a presidential election next year and, even if he does run - which is in some doubt - he will face a stiff challenge as the left is split. Should the candidate from the right win - with Alain Juppé and Nicolas Sarkozy both favoured by the bookies ahead of Hollande - it is very likely that they will be more relaxed about the issues that concern Hollande.

This will mean that those who had been hoping for the deal to be wrapped up before Obama leaves office are likely to be disappointed - nevertheless the odds on favorite to succeed him - Hilary Clinton [the Establishment candidate] - would also be very keen to see the deal sealed. So reason for hope - but considerable uncertainty still remains.

The Guardian article can be found here.

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