European Commission proud of trade agreement with Canada

Marco Green
February 17, 2017

The Comprehensive Economic and Trade Agreement (CETA) was negotiated for almost five years and four months. The EU said it would boost EU-Canada trade, now valued at $63 billion a year, by 20 percent, and EU exporters are slated to save $525 million annually from reduced tariffs. Let's not forget that Ireland is an export-led economy, selling 80 percent of all products overseas. Like Canada, the European Union will treat some more sensitive imports with either TRQs or exclude them from tariff cuts entirely. "CETA presents a trading opportunity with a trusted, democratic country where nearly 15pc of citizens claim Irish ancestry".

EU Commission President Jean-Claude Juncker called the vote "an important milestone" and said "EU companies and citizens will start to reap the benefits the agreement offers as soon as possible".

CETA will eliminate tariffs on best-selling goods and services in Europe and Canada and also establish mutual recognition of certifications for a wide range of products.

The Parliament's decision paves the way for CETA to enter into force provisionally, once it has also been ratified on the Canadian side. He emphasises that the agreement contains an ambitious maritime chapter that will ensure continued free and fair access for European shipping companies to Canadian ports and present new opportunities for feeder and dredging services.

"Columban missionaries live and serve in many countries that have free trade agreements which include investment policies".

"With Ceta, together we have built something".

"I respect that there will be people voting in favour and against but calling a trade agreement with Canada a "coup d'etat" is frankly going too far", Malmstrom said.

"We know that, in these times, we must choose to lead the worldwide economy, not simply be subject to its whims".

Police reported 700 people protested.

Mr Bennett said that "EU Member States, which are also members of IMO, now have a duty to reject these unhelpful proposals, as they are taken forward as part of the wholesale attempt to reform the EU Emissions Trading System".

With the passage of their trade deal, Canada and the European Union offer a counter to Trump, who has withdrawn from the Trans-Pacific Partnership (TPP) and wants to rework the North American Free Trade Agreement.

Only a day before, MEPs had booed and clapped one another as they debated the same trade deal, with more than a few polemics delivered against what many considered to be a "bad deal" and one which would "put us in the hands of multinationals".

The officials said there will be a "sharpening of that message" as Trudeau will tell business leaders they have to help politicians deal with the problem.

Other reports by Click Lancashire

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