Explorer

German Chancellor welcomes U.S. offer to resume TTIP talks

Berlin [Germany], June 28 (ANI): German Chancellor Angela Merkel welcomed the proposal of the U.S. and European Union (EU) to resume talks on a free trade agreement after U.S. Commerce Secretary Wilbur Ross on Tuesday said that Washington remains open to a free trade pact with the EU.

Ross addressed an economic symposium in Berlin via video-link and told them U.S. President Donald Trump was receptive for talks on what is known on the Transatlantic Trade and Investment Partnership (TTIP) to resume, reports the DW.

His remarks were followed with Merkel telling lawmakers that "we should resume work on a trade agreement between the EU and the United States," adding, "the multitude of problems that arise can only be dealt within structured trade negotiations with each other."

Last month, Trump expressed frustration with Germany, following reports that its trade surplus over the U.S. last year amounted to some $65 billion.

During last month's NATO summit in Brussels, Trump is reported to have told leaders, "The Germans are bad, very bad. Look at the millions of cars they sell in the U.S. Terrible. We'll stop that."

Meanwhile, Merkel, in her address, stressed that the U.S. was a direct benefactor of the German trade, saying that German investments in the U.S. were a major job creator for the country.

Initial talks on creating a free trade area on both sides of the Atlantic had been ongoing for years, but came to a halt following Trump's election to the White House as he campaigned on a protectionist platform and a repeated mantra of "America First." (ANI)


This story has not been edited. It has been published as provided by ANI

View More
Advertisement
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headlines

3 'Khalistani' Terrorists Gunned Down In Encounter With Police In Uttar Pradesh's Pilibhit
3 'Khalistani' Terrorists Gunned Down In Encounter With Police In Uttar Pradesh's Pilibhit
Hyderabad Stampede: Police Make Fresh Revelation About Allu Arjun, Release CCTV Footage
Hyderabad Stampede: Police Make Fresh Revelation About Allu Arjun, Release CCTV Clip
Will Elon Musk Be The US President One Day? Donald Trump Has This Answer
Will Elon Musk Be The US President One Day? Donald Trump Has This Answer
'Teach Your Kids Ramayana, Else Someone Will Take Your Lakshmi': Kumar Vishvas' Veiled Dig At Sonakshi's Wedding
'Teach Your Kids Ramayana, Else...': Kumar Vishvas' Veiled Dig At Sonakshi's Wedding To Zahir
Advertisement
ABP Premium

Videos

Protests Outside Allu Arjun's House Over 'Pushpa 2' Stampede Incident, Accused Granted BailDelhi Elections 2025: Registrations for Mahila Samman Yojana and Sanjeevani Yojana Begin TodayDelhi Elections 2025: Registration for Mahila Samman Yojana and Sanjeevani Yojana Begins TodayPolice Gunned Down All Three Terrorists Involved in the December 18 Grenade Attack in Gurdaspur
Embed widget