Merkel says working for U.S.-EU trade deal this year

Reuters

Published May 04, 2016 20:10

Updated May 04, 2016 20:20

Merkel says working for U.S.-EU trade deal this year

MESEBERG, Germany (Reuters) - German Chancellor Angela Merkel said on Wednesday she would do everything she could to complete this year a sweeping free trade deal that is being negotiated between the European Union and the United States.

Merkel said that during talks with Japanese Prime Minister Shinzo Abe on Wednesday she had "made clear that we will do everything possible to negotiate the transatlantic agreement this year".

Supporters say the proposed Transatlantic Trade and Investment Partnership (TTIP) would deliver more than $100 billion (69 billion pounds) of economic gains on both sides of the Atlantic.