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6/18/13

US-EU: Special Interests and Governments Will Screw Up EU-US Trade Deal - by Matthew Feeney

The talks almost didn’t happen thanks to the French, who threatened to veto if the French film and TV industry wasn’t excluded from the negotiations.

As the talks develop we should expect to see more of these sort of exemptions as well as special deals with other industries. It shouldn’t be surprising when European farmers, American manufacturers, and others complain about the potential deal.

Any trade agreement between the U.S. and the European Union will require ratification from the E.U. member states and the U.S. Congress. Just how beneficial a trade deal that has been ratified by over two dozen governments and includes considerations for specials interests will be to Europeans and Americans remains to be seen. I can’t say I’m optimistic.

Read more: Special Interests and Governments Will Screw Up EU-US Trade Deal - Hit and Run; Run : Reason.com

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