Obama and Merkel defend U.S.-EU free trade agreement

The U.S. President Barack Obama and German Chancellor Angela Merkel defend a free trade agreement under negotiations between the United States and European Union.

In a joint press conference in the northern German city of Hanover, Obama said it is “indisputable” that the Transatlantic Trade and Investment Partnership (TTIP) will make both the EU and U.S. economy stronger and more competitive compared to other regions of the world.

Obama made the remarks after holding talks with Merkel in his final visit to Germany as the U.S. President.

For his part, Merkel said the deal is very helpful to allow German economy, adding that both the EU and U.S. have an interest to speed up negotiations which was launched in July 2013.

A new round of talks over the agreement is scheduled to start in Washington next week.

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