Negotiations on a free trade agreement between the European Union and the United States have been delayed since the end of 2016.
It also seems unlikely at the moment that these will be restarted, writes Minister Sigrid Kaag for Foreign Trade and Development Cooperation Friday in a Letter to Parliament.
US President Donald Trump is an acute opponent of TTIP, or the Transatlantic Trade and Investment Partnership. The treaty has been negotiated since June 2013. At the end of 2016, it became clear that the EU and the US would not agree on TTIP.
There have also been no new approaches since that time. “The ambitions between the two parties are too far apart,” Minister Kaag writes in an update on TTIP.
However, the government still sees the advantages of an “ambitious and balanced trade agreement between the EU and the US”.
In the current six months, the US has taken various measures that have damaged the trade relationship with the EU, such as import tariffs on steel and aluminium. Despite this, the government is keen to cooperate with the US, according to the minister.