UK Backs EU-US Free Trade Deal

David Cameron has pledged to put “rocket boosters” behind plans for an EU-US free trade deal.

The UK prime minister said EU and US leaders had met and all agreed the Transatlantic Trade and Investment Partnership (TTIP) “is a deal we want”.

Speaking at the G20 summit, he said arguments against TTIP were “weak” and fears over the NHS were “nonsense”.

Many opponents are concerned about TTIP giving firms power to sue governments if they are hit by policy changes.

Len McCluskey, general secretary of the Unite union, has called for the NHS to be excluded from the deal.

The EU is currently analysing responses to a consultation on a controversial element of TTIP which would allow foreign investors to go to an international tribunal for compensation if a government breaks the rules in a way that harms the company’s interests.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza