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France: Hollande says TTIP not possible this year, sets 2019 Brexit deadline02:54

France: Hollande says TTIP not possible this year, sets 2019 Brexit deadline

France, Paris
August 30, 2016 at 01:30 GMT +00:00 · Published

French President Francois Hollande dismissed the possibility that the Transatlantic Trade and Investment Partnership (TTIP) could be agreed to before the end of the year, while delivering his annual speech to French ambassadors in the Elysee Palace in Paris on Tuesday.

"These discussions cannot lead to an agreement by the end of the year. The negotiations have become bogged down, positions have not been respected. The imbalance is obvious, so the best thing is for us to lucidly note this," Hollande said. "France cannot agree to a treaty that will have been prepared without the indispensable basis for a positive conclusion," Hollande stated before adding: "France prefers to look things in the face and not to harbour the illusion that we can come to an agreement before the end of the current term of the president of the United States."

In addition to trade, the French president stressed that the Brexit decision would be "irreversible" and that the UK "cannot simply participate in the decision making process of the EU." He continued saying that the UK "cannot access the common market unless they accept the four freedoms" as well as "the sum of the regulations, and the budgetary contribution."

"For France everything has to be concluded by 2019," Hollande stressed.

France: Hollande says TTIP not possible this year, sets 2019 Brexit deadline02:54
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French President Francois Hollande dismissed the possibility that the Transatlantic Trade and Investment Partnership (TTIP) could be agreed to before the end of the year, while delivering his annual speech to French ambassadors in the Elysee Palace in Paris on Tuesday.

"These discussions cannot lead to an agreement by the end of the year. The negotiations have become bogged down, positions have not been respected. The imbalance is obvious, so the best thing is for us to lucidly note this," Hollande said. "France cannot agree to a treaty that will have been prepared without the indispensable basis for a positive conclusion," Hollande stated before adding: "France prefers to look things in the face and not to harbour the illusion that we can come to an agreement before the end of the current term of the president of the United States."

In addition to trade, the French president stressed that the Brexit decision would be "irreversible" and that the UK "cannot simply participate in the decision making process of the EU." He continued saying that the UK "cannot access the common market unless they accept the four freedoms" as well as "the sum of the regulations, and the budgetary contribution."

"For France everything has to be concluded by 2019," Hollande stressed.

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