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EU Anti Globalist Wallonia scupper CETA Trade Deal between Canada and EU

1,505 views · Published 22 October 2016 · 4:13 · Indexed 24 October 2026

Channel: The 2% Brief · 2016 · People & Blogs

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EU Anti-Globalists scupper CETA Trade Deal between Canada and EU 

Today is Saturday 22nd October 2016 and we are reporting briefly on the scuppering of the 7 year old proposed CETA trade deal yesterday.

Trade negotiations between Canada and the EU began in 2009 and ended in 2014.

The proposed deal, better known as CETA, which stands for Comprehensive Economic and Trade Agreement, proposed the following:

• The elimination of approximately 98% of tariffs between    
        Canada and the EU
• New Courts to be established for investors
• Harmonised Regulations
• Sustainable Development Clauses
• Access to Public Sector Tenders

The deal was all but agreed, however under EU rules, they were waiting for Belgium to vote in favour as they were blocking the accord, as they needed the consent themselves from their Regional Parliament of Wallonia, which incidentally has a population of just 3.6 million people. Wallonia saw the agreement or accord as a threat to farmers and welfare standards. It also felt that it gave too much power to multi-nationals which could intimidate Governments.

This consent was not given and confirmed at a meeting in Brussels yesterday.

Federal Trade Minister Chrystia Freeland told reporters: 

"It seems evident for me and for Canada that the European Union is not now capable of having an international accord even with a country that has values as European as Canada." 

She added: "Canada is disappointed, but I think it is impossible." 

The European Commission says this blow does not mean that CETA is over, but it also refuses to unpick the substantial text that was agreed with Canada in 2014.

Any EU free trade deals with the US, China or India now look remote. Anti-globalisation groups, anxious to protect Europe's welfare and environmental standards, may now feel they are winning the argument.

Could this actually be an occasion when the EU shows itself to be democratic and anti-globalist we ask tongue in cheek?

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