| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/16/2371 (05.07.16) |
| Publication Date | 05/07/2016 |
| Content Type | News |
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Abstract: On the 5 July 2016, the European Commission proposed to the Council of the European Union the signature and conclusion of a free trade agreement between the European Union and Canada, known as the Comprehensive Economic and Trade Agreement, or CETA. The European Commission suggested that it hoped that the agreement could be signed during the European Union-Canada Summit in October 2016. However, commentators were quick to criticise the announcement saying that after planning to consult only the European Parliament as regards the CETA free trade agreement with Canada, the European Commission had now decided to see CETA as a 'mixed agreement' and to allow EU national parliaments to have their say. Some commentators saw this as a clever move in the dispute over the distribution of power in Europe. Others believed it was a mistake particularly in a context of growing Euroscepticism - and as a major challenge to the effectiveness of EU trade policy. Politico reported remarks said to have been given by European Commission Director General for Trade, Jean-Luc Demarty, in late July 2016 saying that EU trade policy would have a 'big credibility problem' if it could not ratify the deal. |
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| Source Link | Link to Main Source http://europa.eu/rapid/press-release_IP-16-2371_en.htm |
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| Subject Categories | Trade |
| Countries / Regions | Canada, Europe |
