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EU, Canada trade deal reached in Brussels


Render

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BRUSSELS, Belgium – Canada and the European Union have reached an agreement in principle on a free-trade deal that will give Canadian businesses preferential access to an EU market of 500 million consumers and lead to what the federal government says are cost savings for consumers.

Prime Minister Stephen Harper and European Commission President José Manuel Barroso, as expected, announced Friday in Brussels they have concluded negotiations and reached a tentative agreement on a Canada-EU Comprehensive Economic and Trade Agreement (CETA) that the two sides have been negotiating since 2009.

It will be the largest trade agreement in Canadian history and swing open trade doors in an EU region with $17 trillion in annual economic activity.

“This trade agreement is an historic win for Canada,” Harper said in a statement announcing the deal.

“It represents thousands of new jobs for Canadians, and a half-billion new customers for Canadian businesses.”

http://business.fina...f-negotiations/

Edited by Render
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excellent news this is a area were the EU is strong and in my opinion this is were the EU should have remained a trading bloc only. :tu:

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  • 3 years later...

Yes, I know this is a "boosted" thread but it was the last one started concerning the CETA Trade agreement and so it remains relevant.
In todays news:

Quote

 

For the deal to pass, Belgium's federal, regional and community bodies (seven in all) must give their approval.

Wallonia, a staunchly socialist region of 3.6 million people, has led objections to the deal, demanding stronger safeguards on labour, environmental and consumer standards.

But at talks with Mr Martin on Monday, it emerged that two other bodies, Brussels and that of the French-speaking community, also opposed Ceta.

 

Now, unless the Brussels elite decide to change the rules (always possible) then this potential FTA (Free Trade Agreement) is actually dead in the water.

Canada should have been the easiest nation to trade with, and yet it has been bodged - does this mean that the EU will NEVER be able to conclude an important and meaningful FTA because these small regions, not even a National Parliament can always obstruct them?

I think that the UK will find it very much easier to bring about its own FTA with Canada and the Canadians just might be angry enough with the EU to fast-track a UK-Canada FTA to prove that truly outward-looking trading nations does not include the EU Bloc.

One cannot but help feeling that the much vaunted EU-USA negotiations will end up in the toilet.

Cue UK-USA FTA 

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On 10/24/2016 at 8:10 PM, keithisco said:

Yes, I know this is a "boosted" thread but it was the last one started concerning the CETA Trade agreement and so it remains relevant.
In todays news:

Now, unless the Brussels elite decide to change the rules (always possible) then this potential FTA (Free Trade Agreement) is actually dead in the water.

Canada should have been the easiest nation to trade with, and yet it has been bodged - does this mean that the EU will NEVER be able to conclude an important and meaningful FTA because these small regions, not even a National Parliament can always obstruct them?

I think that the UK will find it very much easier to bring about its own FTA with Canada and the Canadians just might be angry enough with the EU to fast-track a UK-Canada FTA to prove that truly outward-looking trading nations does not include the EU Bloc.

One cannot but help feeling that the much vaunted EU-USA negotiations will end up in the toilet.

Cue UK-USA FTA 

'boosting or bumping a thread is always worthwhile and acts as a good reminder Keith, and your so right in what you say - the fact the EU - Canada trade deal as taken seven years to negotiate and its still yet to be ratified, with the Walloons of Belgium throwing a spanner in the works. resulting in Canada's trade negotiators heading home not a good message as viewed from around the world. The Canadian PM Mr Trudeau said it best "If in a week or two we see that Europe is unable to sign a progressive trade agreement with a country like Canada, well, then with whom will Europe think that it can do business in the years to come?" "rejection of the trade deal would send a very clear message not just to Europeans but to the whole world that Europe is choosing a path that is not productive."

at the end of the day I think we'll see the EU commission ride roughshod and get the deal signed, there is to much at stake for the EU, but if it's indeed dead in the water then wave goodbye to any major economy wanting to enter into FTA talks with the EU any time soon
 

 

 

 

Edited by stevewinn
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22 minutes ago, stevewinn said:

 The Canadian PM Mr Trudeau said it best "If in a week or two we see that Europe is unable to sign a progressive trade agreement with a country like Canada, well, then with whom will Europe think that it can do business in the years to come?" "rejection of the trade deal would send a very clear message not just to Europeans but to the whole world that Europe is choosing a path that is not productive."

at the end of the day I think we'll see the EU commission ride roughshod and get the deal signed, there is to much at stake for the EU, but if it's indeed dead in the water then wave goodbye to any major economy wanting to enter into FTA talks with the EU any time soon
 

 

 

 

I agree with you Steve. PM Trudeau appears to have given the EU 2 weeks to sign or it's all off. You can bet your last pound on the Brussels elite offering huge subsidies to Wallonia, Brussels, and the French speaking communities (they wont be "subsidies of course because it would be illegal under EU Law to increase subsidies mid-term) so you have to wonder, and look out for, bribes in more subtle terms.

The Canadians are not stupid, they know that the UK backed the deal and as it exits (with its 70 Million dedicated consumers) they will seize upon the opportunity to do a Free trade Deal directly with us (99% of the work is already done), and through us to gain access to the other nations that we will open Free Trade deals with.

It is also interesting to note that the UK is by far the largest eCommerce consumer market in the EU and the average annual spend online is almost double that of second placed Italy.

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Well, there you have it. Miraculously all of the Belgian Parliaments now support CETA after long negotiations with the EU Elite. What is not surprising is that the deal reached was "in - Camera" (secret) and no details are to be published.

I smell a devious rat in all of this.

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18 hours ago, keithisco said:

Well, there you have it. Miraculously all of the Belgian Parliaments now support CETA after long negotiations with the EU Elite. What is not surprising is that the deal reached was "in - Camera" (secret) and no details are to be published.

I smell a devious rat in all of this.

Don't these new concessions now have to be voted on? - the worrying precedent is the EU Commission is looking i believe through the courts how they can in the future circumvent asking members. either way the EU wont make the same mistake again of going down this path: i still think there is more of this story to follow.

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The deal is this: the CETA will be provisionally implemented immediately after Sunday's signing, but ratification might take another 2 years. !! :w00t: Or put another way... it appears that all EU nations will have to accept all of the new trading arrangements even if your National Parliament has not ratified it.

Just another day at the Office for the EU Bureaucratic diktats.

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