The exit of the United Kingdom from the European Union will likely slow down negotiations over the Trans-Atlantic Trade and Investment Partnership. Chris Galen with the National Milk Producers Federation says TTIP has been progressing slowly anyway, but now there’s even more uncertainty about the future of the deal.
He says it’s difficult to say if the United Kingdom’s exit from the E.U. will derail the pact. However, his group intends to continue to push trade negotiators to forge ahead on an agreement that benefits U.S. dairy producers.
Galen says for the dairy industry the biggest sticking point in the TTIP has and continues to be geographic indicators or common food names.
Galen also says while the U.K.’s ag sector and dairy industry are similar to the U.S., the European Union is a very diverse conglomeration of countries which makes gaining consensus on a deal more difficult.
