Austria has thrown the European Union’s decades-long Mercosur trade talks into disarray after the country’s new government will not support the pact in its current form.
In a decision that’s binding for the government, almost all parties on the parliament’s EU subcommittee voted against the deal with the Mercosur free-trade zone.
An Austrian petition against EU free trade agreements with the United States and Canada has been signed by 562,000 people.
Austrian Chancellor Christian Kern’s opposition to a free trade agreement between the European Union and Canada was countered by fervent praise for the deal from his deputy.
Austria’s economy minister said talks on a EU-U.S. free trade agreement should be halted, adding his voice to an increasingly polarized debate on both sides of the Atlantic over whether to keep the negotiations going.
Austria is ready to confront other European Union members states over its opposition to a free trade deal with Canada, Chancellor Christian Kern said
As many as 4600 jobs could be lost in Austria as a result of the proposed TTIP trade agreement between Europe and the US.
Many small businesses are not convinced by the benefits of TTIP. Some of them have started to campaign, which for time-pressed small businesses, is quite a big thing.
The owner of a Vienna bank targeted by multiple fraud investigations has lodged what is thought to be the first-ever investment treaty claim against Austria
Austrian Chancellor Werner Faymann has warned that Austria could file a lawsuit before the European Court of Justice over EU’s intention to sign the Transatlantic Trade and Investment Partnership (TTIP) with the United States.
A cooperation agreement between the All-China Federation of Industry and Commerce and the Austria Federal Economic Chamber was signed Wednesday in Vienna to further enhance bilateral trade activities between the two countries.