Merkel Says Advantages of EU-U.S Trade Deal Outweigh Drawbacks
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German Chancellor Angela Merkel said the Transatlantic Trade and Investment Partnership between the European Union and the U.S. has more advantages than drawbacks, and could be a model for other free-trade agreements.
"No standard already in existence in the European Union today will be lowered in the trade agreement with the U.S.," Merkel said Saturday in her weekly podcast. The TTIP could be an example for other deals where “social and ecological standards could play a more important part."