Monday, February 20, 2017

BBC News - Ceta: EU parliament backs free trade deal with Canada

A woman tries to walk over protestors demonstrating against the EU-Canada Comprehensive Economic and Trade Agreement (Ceta) in front of the European Parliament in Strasbourg, eastern France, on 15 February 2017
Protesters tried to block access to the European Parliament ahead of the vote
The European Parliament has approved a landmark free trade deal with Canada.
EU lawmakers backed the Comprehensive Economic and Trade Agreement (Ceta) by 408-254 votes despite crowds of protesters contesting the deal outside.
It means parts of the deal, such as tariff reduction, will come into force eight years after negotiations began.
But other, more controversial aspects of the deal, such as the investor court system, will require ratification by EU member states which could take years.
There were chaotic scenes outside the parliament building in Strasbourg as protesters blocked access ahead of the vote - only to be dragged off by riot police.
The vote was comfortably, though not overwhelmingly, passed, with 33 members of parliament abstaining. Canadian Prime Minister Justin Trudeau will address the parliament on Thursday.

The Ceta trade deal in numbers

98%
The number of tariffs between the EU and Canada that would be eliminated
€500 million
The estimated amount that EU exporters would save in duties annually
  • 3.6m The population of Wallonia
  • 36.3m The population of Canada
  • 508m The population of the EU

No comments:

Post a Comment