02:06 GMT +312 December 2017
Listen Live
    Canada's Prime Minister JustinTrudeau and European Council President Donald Tusk attend the signing ceremony of the Comprehensive Economic and Trade Agreement (CETA), at the European Council in Brussels, Belgium, October 30, 2016

    TTIP's Northern Twin Bows to 'Big Pressure From Corporate World'

    © REUTERS/ Francois Lenoir
    World
    Get short URL
    11331

    CETA, a secretive new EU-Canada trade deal, passed due to substantial lobbying pressure from the corporate world, Guy Taylor, trade campaigner at the social justice organization Global Justice Now, told Sputnik.

    In an interview with Sputnik, Guy Taylor, trade campaigner at the social justice organization Global Justice Now, pointed to the lobbying pressure the corporate world used to support the establishment of the Comprehensive Economic and Trade Agreement (CETA).

    The interview came after the European Union and Canada signed the CETA late last week.

    "There were several meetings between the European Union and the business world to discuss the CETA, and there was big pressure from the corporate world to get this deal through," Guy Taylor said.

    He recalled that to enter into full force, the CETA should be ratified by about 40 national and regional parliaments in Europe, and that the deal may finally face a flop.

    "Public opinion is growing on this issue and the pressure is building," he said, referring to popular opposition to the CETA.

    Touching upon the economic aspects of the agreement, Taylor once again underscored that there was a strong push from the business world from "both sides of the Atlantic" to clinch the CETA.

    Speaking to Sputnik earlier this month, German MP Andrej Hunko of the Left Party slammed the CETA as a document that he said "interferes with democratic institutions."

    He said that "millions, the majority of population" in many countries, including Germany, have "been critical" of CETA.

    The partial implementation of the deal will start after the European Parliament adopts the document. To enter into force, CETA should be ratified by all European Union members.

    CETA aims to establish a free trade zone between Canada and the European Union. In 2013, Ottawa and Brussels reached an agreement on key elements of the deal.

    European critics of CETA claim it would undermine standards and regulations on environmental protection, health and safety and workers' rights.

    On the other side of the Atlantic, critics worry that European corporations could sue the Canadian government when they feel that a regulation adversely affects their potential profit. To make matters worse, the disputes are resolved outside Canada's national court system.

    CETA is seen as a Canadian version of the better-known Transatlantic Trade and Investment Partnership, a proposed trade agreement between the United States and Europe which has been shrouded in secrecy.

    The agreement was at first blocked by the Belgium's French-speaking region of Wallonia but on Thursday, Belgian Prime Minister Charles Michel said that the parties had finally managed to reach a consensus.

    Related:

    EU and Canada Sign CETA Free Trade Deal
    Greenpeace on Upcoming Signing of CETA Deal: 'Cat is out of the Bag'
    Canada's Trudeau Bound for CETA Signing Turns Around Due to Plane Problems
    UN Expert Warns EU, Canada Against Signing CETA Deal Without Referendums
    Tags:
    business, public opinion, parliaments, meetings, pressure, agreement, CETA, Canada
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment