AIRLINK 75.95 Increased By ▲ 0.52 (0.69%)
BOP 5.13 Increased By ▲ 0.06 (1.18%)
CNERGY 4.81 Increased By ▲ 0.06 (1.26%)
DFML 30.35 Increased By ▲ 0.25 (0.83%)
DGKC 89.45 Decreased By ▼ -1.03 (-1.14%)
FCCL 22.88 Decreased By ▼ -0.02 (-0.09%)
FFBL 33.61 Increased By ▲ 0.66 (2%)
FFL 10.23 Increased By ▲ 0.18 (1.79%)
GGL 11.45 Increased By ▲ 0.11 (0.97%)
HBL 114.40 Increased By ▲ 0.91 (0.8%)
HUBC 137.70 Increased By ▲ 1.19 (0.87%)
HUMNL 9.80 Decreased By ▼ -0.10 (-1.01%)
KEL 4.65 Decreased By ▼ -0.01 (-0.21%)
KOSM 4.77 Increased By ▲ 0.08 (1.71%)
MLCF 40.75 Decreased By ▼ -0.35 (-0.85%)
OGDC 136.40 Increased By ▲ 1.60 (1.19%)
PAEL 27.65 Increased By ▲ 0.04 (0.14%)
PIAA 25.28 Decreased By ▼ -0.19 (-0.75%)
PIBTL 6.90 Decreased By ▼ -0.02 (-0.29%)
PPL 125.50 Increased By ▲ 1.05 (0.84%)
PRL 27.95 Increased By ▲ 0.55 (2.01%)
PTC 14.49 Decreased By ▼ -0.01 (-0.07%)
SEARL 60.25 Increased By ▲ 0.05 (0.08%)
SNGP 71.82 Increased By ▲ 1.27 (1.8%)
SSGC 10.65 Increased By ▲ 0.09 (0.85%)
TELE 8.91 Increased By ▲ 0.02 (0.22%)
TPLP 11.83 Increased By ▲ 0.05 (0.42%)
TRG 68.09 Increased By ▲ 0.43 (0.64%)
UNITY 25.30 Increased By ▲ 0.13 (0.52%)
WTL 1.46 Decreased By ▼ -0.02 (-1.35%)
BR100 7,805 Increased By 80.7 (1.05%)
BR30 25,794 Increased By 193.5 (0.76%)
KSE100 74,408 Increased By 608.9 (0.83%)
KSE30 23,889 Increased By 265.4 (1.12%)

France is blocking the launch of trade talks with the US exasperating its EU partners who fear a restart to a trade war with President Donald Trump, diplomats said Friday. "The French are blocking, but they are isolated," a European source told AFP after a Friday meeting of envoys from member states ended without an agreement. The envoys are struggling to decide a mandate to launch the transatlantic negotiations given the opposition of Paris that fears domestic blowback just months ahead of European elections, set for May 22 to 26.
Berlin however strongly wants the deal in order to placate Trump and avoid US auto tariffs that would punish Germany's cherished exports, a prospect Chancellor Angela Merkel has labelled "frightening".
Pursuing a limited trade deal was the central part of a truce agreed in July when Trump and European Commission President Jean-Claude Juncker pledged no new tariffs following those on steel and aluminium.
"France is really testing the patience of the other member states to the limit," an EU diplomat said, on condition of anonymity.
"It's quite daring to block something that everyone else wants," the diplomat added. Talks were set to resume on Wednesday.
At Friday's meeting, French diplomats called for more time to discuss differences while the Germans argued that "waiting weakens the negotiating ability of Europeans", the source said.
Paris is especially wary after the failure of talks on TTIP, a far more ambitious transatlantic trade plan, which stalled amid fears a deal with Washington would undermine EU food and health standards.
As a condition French President Emmanuel Macron last week demanded a clear signal that TTIP is obsolete, though some member states would like the option to revive those talks to survive.
France is also insisting on environmental guarantees if the trade negotiations take place, diplomats said.
But diplomats added that Macron had stepped back from calling for Washington's adherence to the Paris climate accord, which Trump pulled out of in 2017.

Copyright Agence France-Presse, 2019

Comments

Comments are closed.