You are here

No EU-US trade deal before Obama leaves office: Hollande

Tuesday, August 30, 2016 - 19:14

30_39685053 - 30_08_2016 - FRANCE-POLITICS-HOLLANDE-DIPLOMACY.jpg
French President Francois Hollande said Tuesday a long-awaited EU-US trade deal would not be agreed before US President Barack Obama leaves office in January.

[PARIS] French President Francois Hollande said Tuesday a long-awaited EU-US trade deal would not be agreed before US President Barack Obama leaves office in January.

"The current discussions on the treaty between Europe and the United States will not lead to an agreement by the end of the year," Mr Hollande said.

Earlier Tuesday, France's pointman on the talks, junior trade minister trade Matthias Fekl, said Paris was going to call for the negotiations to be suspended.

Mr Hollande said in a speech to France's diplomatic corps: "France would rather see things as they are and not harbour the illusion that an agreement will be struck before the end of the US president's term in office."

sentifi.com

Market voices on:

Mr Fekl said the negotiations no longer had "political support" in France because the US negotiators "give nothing or just crumbs".

He told RMC radio that the best approach would be to halt the talks "in order to restart on a good foundation".

AFP

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom