The Negotiations are the most important transatlantic project of the last few decades. A treaty between the European Union and the United States of America plays a major role for the world's two biggest trade blocks; it will therefore set standards that are not only bilateral, but also global in nature. This is both an opportunity and a challenge.
At the event, participants discussed the opportunities and challenges this treaty could create for companies, consumers and workers. Among other guests, the Ministry was pleased to welcome the US Trade Representative Michael Froman and the European Commissioner for Trade Karel de Gucht. The goal of the event was to make the TTIP negotiations more transparent, to facilitate a dialogue with the civil society and to stress the interests of the parties involved.
During the dialogue forum, Federal Economic Affairs Minister Sigmar Gabriel spotlighted the opportunities for the global economy offered by a free-trade agreement between the EU and the U.S.: "A transatlantic agreement should and must set new standards for economic globalisation." At the same time, Gabriel called for transparency in the negotiations. "Democracies shouldn't engage in secret negotiations," he said.