The two sides have been pushing to resolve remaining issues year's end, coinciding with the end of Barack Obama's presidency. The next round of negotiations is expected in July. But the project has been facing mounting opposition in parts of Europe, especially in France and Germany, where critics say the talks have been conducted in secret and fear a far-reaching impact on agriculture and the environment.
The latest opposition to this project, few weeks before the next round of negotiation, comes directly from the French Prime Minister. French Prime Minister, Monsieur Manuel Valls, shares the school of thinking that the TTIP would impose a viewpoint which would not only be a breeding ground for populism, but also a viewpoint that would be bad for French economy. He said '' no free trade should be concluded if it does not respect EU interest. He continued: ''I can frankly say, there would be no TTIP deal''.
I disagree with French Prime Minister, Manuel Valls, because the TTIP is more than a trade deal. It is an opportunity to cement the Euro-Atlantic geopolitical alliance and restore faith in the Western model of market economies.
At first glance, the character of the negotiations towards a deep and comprehensive transatlantic free trade agreement appears to be a purely economically motivated effort to further reduce tariff barriers and find common ground on a broad set of regulatory policies. However, the grand strategy behind aims for more than stimulating trade, investment, and growth. Creating the largest free trade area in history carries the potential to strengthen the Euro-Atlantic geopolitical leverage by forming the decisive international economic hub of the 21st century and adding inclusive institution to the global order. Introducing the next chapter of transatlantic cooperation, would put the economic and geopolitical implications of the “Pivot to Asia” into perspective.