Wednesday October 26, 2016

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator Ð Wednesday October 26, 2016

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Wednesday October 26, 2016

The collapse of the EU/Canada landmark deal shows how the EU sets itself up for failure

The European Union is on the brink of witnessing a landmark free-trade deal crumble before its very eyes.

But the structure of the EU effectively allows the likelihood of these kinds of deals to collapse at the very last minute, said a trade expert to Business Insider.

Editorial Cartoon by Graeme MacKay, The Hamilton Spectator Ð Thursday October 20, 2016 Trade minister Freeland meets with Wallonia leader in effort to save CETA deal Federal Trade Minister Chrystia Freeland met Wednesday with the head of Wallonia in an effort to save a trade deal with the European Union that could collapse if the small Belgium region does not support it by Friday. A spokeswoman for Freeland says she met with Wallonia President Paul Magnette, who earlier Wednesday said his region could not sign on to the deal by Friday, which has been set as a deadline to get the last of the 28 EU nations on board. Anne-Louise Chauvette says the Comprehensive Economic and Trade Agreement, also known as CETA, is a priority for the federal government and it is working hard with its European partners so that it can be approved and implemented next year. The Wallonia vote has created headaches for Belgium's national government because its constitution gives its three regional governments Ñ Wallonia being one of them Ñ a potential veto over CETA, which has been seven years in the making. Prime Minister Justin Trudeau is scheduled to fly to Brussels next week to sign the agreement should it be unanimously approved by the EU. (Source: CBC) http://www.cbc.ca/news/politics/ceta-wallonia-save-trade-deal-1.3812570 Canada, Belgium, Wallonia, Walloon, EU, trade, deal, CETA, Justin Trudeau, Chrystia Freeland,Êmanneken pis

October 20, 2016

CETA, a proposed free-trade arrangement between the 28-nation bloc and Canada, looks set to collapse after the Belgian region of Wallonia refused to support the deal on Monday.

The deal has taken over seven years to negotiate, with talks between the EU and Canada beginning in 2009.

Failure to push it through would be a serious blow to the Union, as it would cast serious doubt on its ability to strike any future trade deal, including with post-Brexit Britain.

Donald Tusk, the European Council president, hinted that failure to complete CETA would make striking a similar deal with Britain once it withdraws from the bloc almost impossible.

“If you are not able to convince people that trade agreements are in their interests … we will have no chance to build public support for free trade, and I am afraid that means that CETA could be our last free-trade agreement,” he said. (Source: Business Insider UK)