Gulf Cooperation Council officials said the European Union needs to step up efforts to conclude a long-planned free trade agreement between the two economic blocs, after failing to reach a compromise despite concessions from the Gulf states.
OTTAWA — German officials are denying a report that free-trade talks between Canada and the European Union could be scuttled by a contentious issue surrounding foreign-investor protection, but they are not saying whether they will support the provision in the final document.
Still, others are publicly calling for the so-called investor-state dispute settlements (ISDS) clause to be hived off the Comprehensive Economic and Trade Agreement and dealt with nation-by-nation.
OTTAWA — Canada’s free-trade deal with the European Union may have switched gears, but government officials here say its scheduled start time hasn’t changed — it just might not be quite as neat and tidy as planned.
The original fast-track approval process of the Comprehensive Economic and Trade Agreement (CETA) has since been expanded to give the 28 EU member states the final approval — but the new, longer track won’t bring the process to a halt.
Rather, the signatories would need to agree to the trade pact provisionally, and then work out the details later.
The European Union put its landmark free-trade accord with Canada on a slow track for approval, increasing the risk of a veto amid an anti-globalization backlash across Europe.
The European Commission, the EU’s executive arm, proposed that its first trade agreement with a fellow member of the Group of Seven leading industrialized countries face ratification by national parliaments in the 28-member bloc. A total of 38 different national parliamentary chambers, including in some cases regional assemblies, will have a binding say.
CALGARY — The political will is high to conclude a free trade deal between Canada and the European Union, even if negotiations to resolve outstanding issues are taking longer than expected, the head of the economic and trade section of the EU’s delegation in Canada said Wednesday.
BRUSSELS – Canada must offer the European Union broader access to its markets if both sides are to agree to a free-trade accord they have been negotiating since 2009, the EU’s trade chief said on Thursday.
A free-trade agreement with Canada would be the European Union’s first such deal with a major world economy. The United States is watching closely because Washington will launch separate trade negotiations with Brussels later this year.
With 'trade' at the center of any substantive differences between US presidential candidates, 1000s protesting 'trade' deals across Europe, 'trade' collapsing in China, and lame-duck Obama trying to push his 'trade' agenda, it is perhaps shocking that Canada’s trade minister walked out of talks to finalize a trade pact with the European Union, saying it now seems the bloc is incapable of reaching such agreements and that Canadian officials are returning home.
BRUSSELS: The European Union reacted to David Cameron's re-election on Friday by offering early talks on reform of the bloc and saying it was open to changes that would produce a "fair deal" for Britain. But while few in Brussels or other European capitals would relish a British exit after a referendum he has promised by 2017, the EU executive was quick to warn the prime minister not to push his luck and seek to revise treaties on free migration.
Canada’s dairy farmers are “angered and disappointed” with the Conservative government over a possible free-trade deal with the European Union that could more than double the amount of EU cheese allowed into Canada.
A proposed agreement-in-principle is sitting with the provinces for final approval.
The official Opposition NDP said it is worried the Conservatives may be throwing Canadian dairy farmers “under the bus” on a trade deal both sides have been negotiating since 2009.
Brussels (AFP) - The EU said Thursday it would not bow to Russian demands to delay further the planned January 2016 implementation of a free trade deal with Ukraine which is bitterly opposed by Moscow.
Prime Minister Stephen Harper and his South Korean counterpart announced early Tuesday their two countries have concluded a free-trade agreement that the government boasts will be a major boost for Canadian exporters in the fast growing Asian market, but detractors fear will damage Ontario’s key economic auto industry.
The announcement ends almost a decade of on-and-off talks and represents Canada’s first free-trade agreement with an Asian country, a region of the world the Conservative government has targeted as essential for the country’s economic well-being.