The Obama administration is launching a final push to salvage negotiations on a transatlantic free trade zone before it leaves office — despite growing political opposition in Europe.
While Washington has been working on compromises to give new life to the talks, the top US negotiator admitted that the prospects of success were hit by factors such as Britain’s vote to exit the EU. Mike Froman, US trade representative, said Washington remained committed to concluding the so-called Transatlantic Trade and Investment Partnership this year.
He insisted the talks, launched in July 2013, continued to make progress, despite a series of sceptical comments by European ministers.
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