Merkel appeals to Germans to back trade pact ahead of G7 meeting

viernes 29 de mayo de 2015 19:00 GYT

By Erik Kirschbaum

BERLIN May 29 (Reuters) - Chancellor Angela Merkel tried to drum up support in Germany for the Transatlantic Trade and Investment Partnership (TTIP) ahead of the G7 summit she is hosting in June, saying in an interview on Saturday she hopes it will be finalized by 2017.

Merkel told the Sueddeutsche Zeitung newspaper it was important that talks between the European Union and United States lead to an accord before U.S. President Barack Obama leaves office in January 2017.

Without an agreement on TTIP between the EU and the United States by early 2017, Merkel fears there could be "a long interruption" in the talks.

"It's important for me that the transatlantic free trade keeps pace with the Pacific region," Merkel said, referring to the advanced stage of talks between the United States and Asia about a free trade agreement. Twelve countries, including the United States, Japan, Vietnam, Australia and New Zealand, are in talks for a Trans-Pacific Partnership (TPP).

The TTIP is a free trade and investment agreement being negotiated between the European Union and United States that aims to create greater access to European markets for American goods, strengthen ties between the two regions and increase economic growth for them, among other goals.

Merkel does not often invest political capital backing TTIP at home, but opposition to it is unusually strong in Germany, even though its powerful export-oriented industrial sector stands to benefit greatly.

"The United States is one of our most important trade partners," Merkel said in the interview. "Especially for our export-based economy, the United States is the biggest market outside of the EU, much larger than even China."

Thus, it is "in the interest of our jobs and our prosperity that we encourage trade with the United States and not give it up to competitors from other regions," Merkel said, referring to Asia.   Continuación...