Saturday, October 29, 2016

After geplatztem summit: Belgium trade agreements, Ceta has signed – Handelsblatt


Belgium’s foreign Minister Didier Reynders, under the Ceta writes.

(photo: Reuters)

Brussels Belgium has signed, after a day long internal negotiations, the European-canadian trade Pact Ceta. Minister of foreign Affairs Didier Reynders on Saturday in Brussels, its signature under the agreement. “Nothing is easy in Belgium, but few things are impossible,” tweeted Reynders thereafter.

Tanghe With were EU trade Commissioner Cecilia Malmström, the EU’s chief negotiator Mauro Petriccione, Canada’s Ambassador to Belgium, Olivier Nicoloff, and the President of the Belgian-French chamber of Commerce, Jean-Pierre.

What is Ceta?

  • Ceta is the acronym for the proposed free trade agreement between the European Union and Canada. Ceta stands for “Comprehensive Economic and Trade Agreement” (Comprehensive economic and trade agreement).

  • The technical negotiations started in 2009 and were completed in 2014. In October 2016, the Ceta will be signed.

  • the aim of the agreement is due to the elimination of customs duties, as well as “not tariffären” trade barriers such as different Standards, and standards boost economic growth.

  • According to the Federal Ministry of Economics, the EU is Canada to the United States, the second most important trading partner.

  • Ceta is regarded as a blueprint for the proposed free trade agreement between the EU and the USA (TTIP), with around 800 million consumers, the world’s largest economic area

  • critics see the agreement, among other things, basic democratic principles undermined.

Ceta will be signed after seven years of negotiations, on Sunday at an EU-Canada summit in Brussels. The agreement is intended to eliminate, according to EU figures, 99 per cent of duties in trade between the EU and Canada, and thus reviving the economy.

Actually, the summit should take place as early as Thursday. The Meeting burst, however, because the French Belgians are called for up until the last representations of their government. Only after these have been agreed on Thursday, was able to Belgium to agree.


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