Bravely resisting the Canadian menace“HEY Canada, fuck you.” Within hours this tweet (the result of a hack) from the Belgian foreign minister’s account was replaced with a friendlier message: “keep calm and love Canada”. Yet his country’s actions are closer to the original. On October 14th the regional parliament of Wallonia voted to block the Comprehensive Economic and Trade Agreement (CETA), a trade deal between the European Union and Canada.
Twentieth-century trade deals slashed tariffs. Newer ones between rich countries, such as CETA, focus on cutting other barriers to trade. After seven years of haggling, European negotiators dream of European toys and electrical products being sold straight to Canadians, without having to go through a second round of health and safety checks.
Coordinating standards with another country inevitably means surrendering a little sovereignty. This riles many Europeans, who worry that CETA will dilute environmental standards and labour laws; they suspect that new courts established by the treaty to settle investor disputes with governments will favour corporations over...Continue reading
Souce: Europe http://ift.tt/2eaIESi
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