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The Latest: US urges Merkel to sell trade deal to Germans
– canadianbusiness.com
HANNOVER, Germany – The Latest on President Barack Obama’s visit to Germany (all times local):
1:10 p.m.
The U.S. secretary of commerce is calling on German Chancellor Angela Merkel’s government to promote a planned trans-Atlantic trade deal in the country.
The German government is keen to clinch the Trans-Atlantic Trade and Investment Partnership, or TTIP, but public opinion of the deal is low in Germany. Tens of thousands of Germans took part in a protest against the deal Saturday in Hannover, a day before U.S. President Barack Obama meets there with Chancellor Merkel.
U.S. Secretary of Commerce Penny Pritzker told German weekly Der Spiegel in an interview published Sunday that “it’s really incumbent upon the German government and Germany industry, the same way it’s incumbent on the U.S. government and U.S. industry to explain to our peoples the benefits that we already realize by trading together and the opportunity that’s created by TTIP.”
___
12:45 p…
1:10 p.m.
The U.S. secretary of commerce is calling on German Chancellor Angela Merkel’s government to promote a planned trans-Atlantic trade deal in the country.
The German government is keen to clinch the Trans-Atlantic Trade and Investment Partnership, or TTIP, but public opinion of the deal is low in Germany. Tens of thousands of Germans took part in a protest against the deal Saturday in Hannover, a day before U.S. President Barack Obama meets there with Chancellor Merkel.
U.S. Secretary of Commerce Penny Pritzker told German weekly Der Spiegel in an interview published Sunday that “it’s really incumbent upon the German government and Germany industry, the same way it’s incumbent on the U.S. government and U.S. industry to explain to our peoples the benefits that we already realize by trading together and the opportunity that’s created by TTIP.”
___
12:45 p…
French government says it supports UK nuclear plant project
– canadianbusiness.com
PARIS – France’s economy minister has confirmed the government supports French energy company EDF’s nuclear power plant project in southwest England.
Emmanuel Macron told the Journal du Dimanche newspaper on Sunday that the final investment decision “may be confirmed next September.”
The decision was expected in May but EDF, which is majority-owned by the French government, decided Friday to take more time to consult with the company’s unions. Some of them have expressed concerns about the financing of the 24 billion euro ($27 billion) project.
Macron insisted the project must not be further delayed.
The Hinkley Point nuclear power plant could ultimately produce 7 per cent of British electricity and create 25,000 jobs, according to EDF. It had been due to start producing electricity in 2023.
The post French government says it supports UK nuclear plant project appeared first on Canadian Business – Your Source For Business News.
Emmanuel Macron told the Journal du Dimanche newspaper on Sunday that the final investment decision “may be confirmed next September.”
The decision was expected in May but EDF, which is majority-owned by the French government, decided Friday to take more time to consult with the company’s unions. Some of them have expressed concerns about the financing of the 24 billion euro ($27 billion) project.
Macron insisted the project must not be further delayed.
The Hinkley Point nuclear power plant could ultimately produce 7 per cent of British electricity and create 25,000 jobs, according to EDF. It had been due to start producing electricity in 2023.
The post French government says it supports UK nuclear plant project appeared first on Canadian Business – Your Source For Business News.
Obama to use Germany visit to push trans-Atlantic trade deal
– canadianbusiness.com
AERZEN, Germany – President Barack Obama, beginning a visit Sunday to Germany, hoped to build momentum for a U.S.-Europe trade deal that has become a tough sell, particularly in Germany.
Other issues were on the agenda for talks with German Chancellor Angela Merkel, including efforts to counter the Islamic State group, improve co-operation on counterterrorism, and encourage countries to share law enforcement information. IS says it was responsible for attacks that killed 30 people in Brussels last month.
Obama also wants to give Merkel public praise for her “courageous” handling of the migrant issue. Her decision to allow the resettlement in Germany of hundreds of thousands of people fleeing violence in Syria and other areas of conflict in the Mideast caused an angry domestic backlash.
Merkel recently helped European countries negotiate a deal with Turkey to help stem the migrant flow, but she and the other leaders are now under pressure to revisit it.
The Trans-Atlantic Trade and Investment Partnership (TTIP) was a main factor behind what likely is Obama’s final stop in Germany before he leaves office in January…
Other issues were on the agenda for talks with German Chancellor Angela Merkel, including efforts to counter the Islamic State group, improve co-operation on counterterrorism, and encourage countries to share law enforcement information. IS says it was responsible for attacks that killed 30 people in Brussels last month.
Obama also wants to give Merkel public praise for her “courageous” handling of the migrant issue. Her decision to allow the resettlement in Germany of hundreds of thousands of people fleeing violence in Syria and other areas of conflict in the Mideast caused an angry domestic backlash.
Merkel recently helped European countries negotiate a deal with Turkey to help stem the migrant flow, but she and the other leaders are now under pressure to revisit it.
The Trans-Atlantic Trade and Investment Partnership (TTIP) was a main factor behind what likely is Obama’s final stop in Germany before he leaves office in January…
