Doubts over EU's proposals for saving US trade deal

London

THE European Union (EU) has more work to do, experts say, if it hopes to seal a transatlantic trade deal that has been criticised for leaving governments open to international legal action from companies affected by changes to tax and regulation.

The European Commission (EC), the EU's executive arm, is right now negotiating a trade and investment treaty with the United States - the Transatlantic Trade and Investment Partnership (TTIP) - that it says could add 119 billion euros (S$180 billion) annually to Europe's economy and 95 billion euros to the US economy.