//US Cancels EU Free Trade Talks Due To Government Shutdown

US Cancels EU Free Trade Talks Due To Government Shutdown

From: Economy Watch

10-7-2013

As the U.S. government shutdown enters into its second week, officials from the United States Trade Representative (USTR) office have postponed plans to hold a second round of negotiations with the European Union this week on a free trade pact, claiming that financial and staffing constraints made it impossible to send a full negotiating team to Brussels.
Last Friday, US trade representative Michael Froman called the European Union Trade Commissioner Karel De Gucht to apologise for the delay in discussion for the Transatlantic Trade and Investment Partnership (TTIP), adding that the deal remained “a major economic priority for the US, with the potential to enhance the world’s largest economic relationship and support jobs on both sides of the Atlantic when an agreement can be completed”.

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