CETA: Signature CANADA-EU agreement

After weeks of heated debate with some Member States, days of negotiations at a forced with the Walloons Leader and the cancellation of the EU-Canada summit scheduled for October 27, was eventually reached to an 'agreement that allowed the signing Sunday 30 October.

The "case" Wallonia marks a watershed in EU trade policy finally putting the fragility of its decision-making processes. Exceptions raised by sub-Belgian Federal Assembly, in fact, come to the end of a long series of other critical issues advanced by other Member States, national parliaments and constitutional courts.

The wave of criticism against trade agreements (concentratosi first on TTIP, then on CETA and largely determined by internal dynamics riding anti-globalization and anti-Atlanticist tendencies), reaches its climax when the world trade, the current engine of global economic growth, marking time growing up, for the second time since 1982, less of world GDP (% respectively 1,7 and 2,2% - where pre-crisis values ​​were 6,7% for trade and 3,2% for GDP).

Since the free trade agreements are the main vector of trade, if Europe was no longer able to conclude from the circuit it would be marginalized of the great world economic and trading blocs integrated, further reducing the opportunities arising from trade flows already slowed by conjuncture. The watershed in question is, therefore, of paramount importance to the industry.

To avert the danger that European businesses being denied access to preferential trade circuits, the EU must be able to put their prerogatives in the field of trade policy away from Member States' interference.

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In reserved area members / Internationalization You can download a summarized statement by Confindustria on decision-making and the division of powers, sull'impasse occurred in recent weeks, the "Belgian declaration" that, although over the time limit, has made possible the signing of the agreement and describes the next steps of the procedure. Attached are also given a brief reconnaissance Canadian economy, on trade flows with Italy and on the main Made in Italy sectors, and a brief insight into the provisions of CETA on the settlement of disputes between the state and investors, which is the most criticized aspect of the raised exceptions.

Of interest to:
Generale
Source:
Sistema Confindustria
03/11/2016

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