U.S. President Barack Obama warned that time is running out for the European Union and the United States to complete a free trade accord, as protesters in Germany march against the plan. Diane Hodges reports.
Hundreds of demonstrators march in Hanover, Germany to protest a planned free trade agreement between the European Union and the United States. Supporters say the Transatlantic Trade and Investment Partnership, or T-TIP will boost the economies of the E-U and the U-S by $100 billion each. But opponents fear the deal will eliminate jobs and lower standards. SOUNDBITE (German) ANTI-TTIP-PROTESTER IVO IVANCIC SAYING: "We should be part of the negotiations. They are creating a second judicial system, sitting in secret rooms with business delegates, deciding behind our backs." The protest comes as U.S. President Barack Obama was opening a trade fair in Hanover with German Chancellor Angela Merkel. He says it's important that negotiators ink a deal before he leaves office in January. (SOUNDBITE)(ENGLISH) U.S. PRESIDENT BARACK OBAMA, SAYING: "The time to complete T-TIP is now and I'm here to say that the US is prepared to make every effort to reach a high-standard deal." Merkel is one of America's closest allies in dealing with a shaky global economy and security crises in the Middle East and Ukraine. It appears they'll need all their political skill to convince these demonstrators that T-Tip will be good for them.