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German Social Democrats Fear Free Trade

Posted February 24, 2015

Under Economic Issues, International Trade Issues

(Deutsche Welle)       

It was a busy day for Sigmar Gabriel. In the morning, in his capacity as Minister of Economics, he was a guest of the Federation of German Industries at the Transatlantic Economic Forum 2015. In the early afternoon, as chairman of the Social Democratic Party (SPD), he had to face his comrades’ critical questions at party headquarters.

“Transatlantic Free Trade - Opportunities and Risks” was the title of the conference at the SPD’s Willy Brandt Building. Gabriel was at both events to discuss the proposed free trade agreements between the European Union and the United States (TTIP) and Canada (CETA). However, his approaches could not have been more different.

Germany’s business associations support the agreements with virtually no reservations. They are demanding the economics minister implement them as quickly as possible. In their view, TTIP and CETA offer the long-awaited opportunity to reduce tariffs and other administrative barriers to transatlantic trade. Click here to read more.