Economy Minister Loukarski: Future TTIP Should Take into Account European Values
Friday, 08 May 2015
The future Transatlantic Trade and Investment Partnership (TTIP) should take into account European values, stimulate sustainable development and contribute to the well-being of all European citizens, said Economy Minister Bozhidar Loukarski in Brussels on Thursday during the EU Foreign Affairs Council (Trade), quoted by his Ministry.
EU ministers discussed the course of the TTIP negotiations between the EU and the US, along with the preparations for the World Trade Organization's 10th ministerial conference, scheduled to take place at the end of this year.
Minister Loukarski noted that the talks with the US should seek a balance and progress on all main issues with the goal of negotiating an improved access to the US market for goods, services and public procurements, simplified rules of origin and facilitated trade, improved protection of geographical indications, stable and clear rules for trade and investments in the energy sector and sustainable access to raw materials. He stressed the role of transparency when addressing the existing concerns surrounding the negotiations.
Commenting the resolving of investment disputes, Minister Loukarski urged that all options be carefully discussed, noting that the future proposals should not restrict the right of the EU and its members to adopt and enforce measures, needed for the pursuit of legitimate public policy goals and not to lead to the repealing of adopted statutes or measures.