European Commission Vice-President Jyrki Katainen holds a news conference on the European Defence Action Plan in Brussels, Belgium November 30, 2016. REUTERS/Eric Vidal -

BERLIN (Reuters) - The European Union could revive talks on a free trade deal with the United States under the administration of President Donald Trump, European Commission Vice President Jyrki Katainen said on Tuesday.

The two sides failed to conclude negotiations on the Transatlantic Trade and Investment Partnership (TTIP) before former president Barack Obama left office last month.

“TTIP has not been mentioned by the new US-administration,” Katainen said at a business conference in Berlin. “So we still expect that it will be possible to relaunch discussions and to create a sustainable business environment.”