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Capitol Report: TTIP is on life support — as is global trade growth

CPB, CEPR PRESS and Citi Research

Global trade growth has waned as protectionist measures have increased.

The French trade minister’s call on Tuesday for an end to trade negotiations between the European Union and the U.S. is only the latest evidence that it’s becoming increasingly difficult to remove barriers to world trade.

The comment by Matthias Fekl to end discussions over the Transatlantic Trade and Investment Partnership come after Germany’s vice chancellor over the weekend said the talks have failed. And it comes as the Trans-Pacific Partnership awaits congressional approval amid attacks from both major presidential candidates. Sen. Majority Leader Mitch McConnell told a local newspaper that the upper chamber won’t vote on TPP this year because of “serious flaws” in the agreement.

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