German economy minister plays down boost from EU-U.S. trade deal: magazine

April 11, 2015 12:56 PM

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German economy minister plays down boost from EU-U.S. trade deal: magazine

BERLIN (Reuters) - Germany's economy minister warned on Saturday against overblowing expectations for an economic boost from a trade deal between the United States and European Union but said the pact was needed to set high common standards for consumers.

The European Commission is trying to finalize a deal on the Transatlantic Trade and Investment Partnership (TTIP), which some experts say could generate $100 billion a year in additional economic output on both sides of the Atlantic.

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