TTIP Deal Unlikely to Be Finalized by End of 2015 – Activist Group

© Flickr / Global Justice NowAnti-TTIP demonstration
Anti-TTIP demonstration - Sputnik International
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Brussels and Washington are unlikely to finalize the controversial Transatlantic Trade and Investment Partnership (TTIP) by the end of the year, a Berlin-based activist group Mehr Demokratie (More Democracy) spokesperson told Sputnik Wednesday.

MOSCOW (Sputnik), Anastasia Levchenko – The TTIP is a contentious trade treaty currently being negotiated in unusually high secrecy by the European Union and the United States. The agreement seeks to establish a transatlantic free trade zone for a consumer market estimated to include some 820 million people.

Demonstrators hold a sign against the TTIP contract during a protest - Sputnik International
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After the G7 summit held in Germany's Bavaria, the group's leaders announced that the deal should be signed by the turn of the year. British Prime Minister David Cameron urged negotiators to redouble their efforts.

"We do not think that it is very likely that TTIP negotiations will be concluded at the end of 2015. As insider reports reveal, there are still a lot of points open in the negotiations between the US and the EU," Mehr Demokratie spokeswoman Anne Daenner told Sputnik.

The talks on the hotly-debated trade agreement suffered a setback on Wednesday after the European Parliament postponed a non-binding vote on the treaty over a lack of consensus on investor clauses.

"It is very likely that the ongoing protests have also influenced the decision of the European Parliament to postpone the debate and resolution on TTIP this morning."

Mehr Demokratie is part of an alliance launched to block the disputed TTIP deal. Their online petition against EU’s pact with Washington has topped 2.1 million signatures, Daenner said.

"We will continue our campaign and collect further signatures until October 6th this year."

The spokeswoman said the deal is supported by representatives of EU member state governments, "and therefore they want to overlook the dangers for democracy, environmental protection, consumer and worker rights… that go along with TTIP and CETA."

Opponents of the TTIP explain that the agreement limits the rights of individuals and sovereign countries for the sake of multinational corporations and financial industry profits.

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