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Gabriel - EU needs a trade deal with the US to avoid losing economic influence. (Photo: Valentina Pop)

Europe needs TTIP to avoid loss of influence, Germany warns

Failure to agree an ambitious trade deal with the US would cost the EU influence in the global economy, Germany’s economy minister said on Monday (23 February).

Speaking at a business conference in Berlin alongside EU trade commissioner Cecilia Malmstrom, Sigmar Gabriel said it was a matter of "regret" that in Germany “so much is said about ‘chlorine chickens’ and too little about the geopolitical significance” of the proposed trans-atlantic trade and investment partnership (TTIP).

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Gabriel - EU needs a trade deal with the US to avoid losing economic influence. (Photo: Valentina Pop)

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