Germany’s economic minister says talks “de facto (have) failed” between the U.S. and the European Union over the Transatlantic Trade and Investment Partnership (TTIP).
An EU spokesman, however, said, “the ball is still rolling” for TTIP talks, which EU members are expected to discuss later in September.
So far, three years of negotiations have failed to produce agreement on the trade pact, which includes food and environmental safety standards.
Chances may also be slim for passing the 12-nation Trans Pacific Partnership trade agreement, which includes ag and dairy exports. Some observers say its passage may depend on the lame duck session of Congress that will happen after November's election.