BERLIN: A European free trade deal with the United States may not be perfect but is the last chance for Europe to remain globally relevant, Germany’s economy minister said on Friday.

Sigmar Gabriel’s comments, made a day before his party decides its line on the negotiations, echoed those of Chancellor Angela Merkel, also on Friday, who said a deal would be of “unimaginable value” and no “red lines” would be crossed.

The public debate in Europe’s largest exporter has been firmly against a free trade deal between Brussels and Washington called the Transatlantic Trade and Investment Partnership (TTIP), with concerns ranging from health and safety to spying.

“I think it is normal that the rules will not be optimal in the beginning, that there will be a lot to criticise,” Gabriel said. “I do not know if TTIP will succeed but ... one has to know that Europe only has one chance to start to talk about these things and that’s now.”

Gabriel added that if Europe failed to agree a deal with the United States, Washington would turn elsewhere in search of a partner, such as Asia.

“And such a deal would have very different rules to what we are imagining now,” said Gabriel, who is economy minister and head of the Social Democrats, Chancellor Angela Merkel’s junior coalition partner in parliament.

The Social Democrats will decide on Saturday on a motion brought by Gabriel in support of TTIP. The talks are hotly contested in the party.

Published in Dawn, September 20th, 2014

Opinion

Editorial

Hasty transition
Updated 05 May, 2024

Hasty transition

Ostensibly, the aim is to exert greater control over social media and to gain more power to crack down on activists, dissidents and journalists.
One small step…
05 May, 2024

One small step…

THERE is some good news for the nation from the heavens above. On Friday, Pakistan managed to dispatch a lunar...
Not out of the woods
05 May, 2024

Not out of the woods

PAKISTAN’S economic vitals might be showing some signs of improvement, but the country is not yet out of danger....
Rigging claims
Updated 04 May, 2024

Rigging claims

The PTI’s allegations are not new; most elections in Pakistan have been controversial, and it is almost a given that results will be challenged by the losing side.
Gaza’s wasteland
04 May, 2024

Gaza’s wasteland

SINCE the start of hostilities on Oct 7, Israel has put in ceaseless efforts to depopulate Gaza, and make the Strip...
Housing scams
04 May, 2024

Housing scams

THE story of illegal housing schemes in Punjab is the story of greed, corruption and plunder. Major players in these...