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EU Canada Trade Agreement Wins European Parliament Green Light

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The European Union assembly’s endorsement of the first EU commercial deal with a fellow member of the Group of Seven leading industrialized nations paves the way for it to take provisional effect once the Canadian Senate gives its green light, expected within weeks. EU governments and Canada’s House of Commons have already given their approval.The EU Parliament backed the pact by a vote of 408 to 254 on Wednesday in Strasbourg, France, fending off a veto drive by far-left and far-right European parties that have echoed Trump’s criticism of globalization."This is Europe’s answer to Trump’s trade policy,” said Manfred Weber, German head of the Christian Democrats in the 28-nation assembly. “Instead of protectionism, we want partnership. Instead of fear and mistrust of each other, we want openness and even stronger ties with one of our closest allies.”The agreement with Canada has become a test case for the EU’s political credibility and commercial heft since Britain voted to leave the bloc, a Belgian region nearly scuttled the Canadian accord and Trump turned the U.S.’s back on multilateral trade pacts. Three years of negotiations on an EU-U.S. trade deal have been put on hold since Trump took office in January and let loose proposals for American import taxes.“The approval by the EU Parliament of the Canada accord means the biggest political crisis in European trade policy has finally bottomed out,” said Hosuk Lee-Makiyama, director of the European Centre for International Political Economy in Brussels. “Europe’s political capital has stopped bleeding away. It’s an important deliverable politically.”The deal, known as the Comprehensive Economic and Trade Agreement, is slated to end 98 percent of tariffs on goods from the outset and 99 percent after seven years (each side plans to dismantle all industrial tariffs and more than 90 percent of agricultural duties). Markets for services and public procurement are also due to be opened.The EU says CETA, which took five years to negotiate, would boost the bloc’s economic output by around 12 billion euros ($13 billion) a year and expand two-way trade by about a quarter.Once viewed as the precursor of the much-touted EU-U.S. plan for a Trans-Atlantic Trade and Investment Partnership, CETA now looks like a smaller substitute for TTIP as European officials expect Trump to put it in the “freezer.” In addition, the approval of CETA keeps momentum behind a series of separate EU trade negotiations with other countries including Japan.The EU is Canada’s No. 2 trade partner after the U.S., and Canada is the EU’s 12th-biggest, according to the European Commission, the bloc’s Brussels-based executive arm. EU-Canada trade in goods was 63.5 billion euros in 2015, while services commerce totaled 27.2 billion euros in 2014.Canadian Prime Minister Justin Trudeau, who is due to address the EU Parliament on Thursday in Strasbourg, signaled last October that the bloc’s raison d’etre would be in doubt should CETA falter during the ratification process.Final ratification of CETA in the EU requires the approval of national and even some regional parliaments. During the planned provisional application of the accord, controversial provisions on protection for foreign investors won’t apply.The chapter on so-called Investor-State Dispute Settlement remains a lightning rod even after being scaled back. The new ISDS provisions foresee an Investment Court System in which publicly appointed judges rather than arbitrators would hear cases and an appeal tribunal would be established.National elections later this year in the Netherlands, France and Germany, three founding EU members in which anti-establishment political forces have made advances, could offer signals about the path in Europe toward final ratification of CETA.Trade is a core European policy and the EU’s push over many years to use its economic weight to open markets worldwide has been a central argument for the merits of membership. Should the EU falter at the national level in ratifying the deal with Canada, the bloc risks losing credibility both with global partners and with a host of its own trade-friendly member nations long allied on commercial matters with Britain, which is due to trigger by the end of March two years of Brexit talks.

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eu canada green light europan parliament Canada canada deal market barter custom truck swap public sales fun pastime art game thing job craft line skill hobby adroitness aptitude artistry craftsmanship dexterity expertise facility imagination ingenuity inventiveness knack know-how knowledge mastery method profession trade virtuosity agree arrange buy compromise confer contract covenant dicker do business haggle make terms palter promise sell stipulate traffic transact bargain exchange bag biz calling career dodge employment field function livelihood métier occupation pursuit racket specialty vocation what one is into work business day gig gig handicraft hang life's work lifework metier mission nine-to-five play province rat race slot swindle walk of life conversion flip-flop interchange switch turnaround change Trade TRADE accord unison alliance concert concord sympathy union affinity harmony amity acceding granting denial refusal dissent discord divorce disunity dislike hatred fight pact charter deal lease compact okay avowal codicil assent bargain note cartel writ bond treaty oath the nod veto accedence accession acknowledgment acquiescence admission adoption affirmation agreement approbation approval concession concurrence favor recognition seal of approval acclimatization accustomedness assuefaction compliance correspondence familiarization habituation naturalization allotment apportionment benefit compensation compromise pay reconciliation reimbursement remuneration settlement share stake stipulation adjudication adjustment decision determination judgment mediation frame-up game plan layout organization package package deal plan preparation provision schedule setup terms acquaintance acquaintanceship affiliation assistance camaraderie companionship comradeship conjunction cooperation familiarity fellowship fraternization frequenting friendliness hookup intimacy membership participation partnership relation relationship acceptance adaptation arbitration arrangement association Agreement gold success sweep score gain triumph slam kill killing loss beat achieve upset edge overcome prevail conquer sink shut out be first lose fail miss earn secure get make reach have catch derive bag effect attain annex net forfeit release ignore spend give up let go pass depart leave free neglect arrive bring about bring off carry out conclude consummate do a bang-up job do justice do one proud do the trick finish fulfill get someplace get there hit make hay make it manage nail it perform produce pull off put it over rack up realize sew up take care of win accomplish acquire actualize bring to pass cap carry through close complete deliver discharge dispatch earn wings effectuate enact end execute follow through get done negotiate obtain perfect procure resolve seal see through settle sign solve wind up work out access amass bring in buy collect cop corral gather get hands on get hold of grab hustle land latch onto lock up pick up promote scare up snag take take possession of wangle accede to arrive at come through get fat glom onto grasp reap succeed unzip allure beguile bewitch charm dazzle delight draw enamour enrapture enslave ensnare entertain enthrall entrance fascinate gratify grip hold hook hypnotize infatuate intrigue lure magnetize make a hit with mesmerize please rope in seduce spellbind sweep off one's feet turn one on vamp wile attract cajole captivate enamor ensorcell hex inveigle knock dead knock out possess put under a spell send slay spell sweep off feet tickle tickle pink transport turn on voodoo win over wow WINS WIN european European Europeans europeans court diet senate assembly association caucus chamber club committee conclave conference convention convocation council delegates government guild league legislative body legislature meeting order parliament society the Hill the house union board body brain trust cabinet clan confab congregation congress directorate gang gathering governing body groupthink huddle kitchen cabinet meet ministry mob official family outfit panel powwow ring synod commons house house of representatives lawmakers plenum voice of the people chamber of deputies general assembly house of assembly legislative assembly soviet national assembly Parliament lush raw fresh leafy bosky dying adult old new immature young innocent callow gullible ignorant inexpert naive unversed youthful worn fir sap jade sage moss pine forest sea grass olive apple willow beryl kelly pea lime bice vert ecological biodegradable environmental field lawn turf plaza sward all thumbs amateurish artless blundering bulky bumbling bungling butterfingers coarse floundering gawky graceless green having two left feet having two left hands incompetent inept klutzy lumbering maladroit oafish rude stiff stumbling uncoordinated uncouth unfit ungainly ungraceful unhandy unpolished unrefined unskilled unskillful crude guileless inexperienced infant jejune jellybean juvenile kid low tech not dry behind ears puerile sophomore tenderfoot unbaked unfledged unripe unsophisticated untrained untried adolescent baby babyish childlike foolish frivolous infantile infantine kid stuff environmentalist guardian preservationist tree hugger accepting believing born yesterday dupable easy mark falling for overtrusting simple swallow whole taken in trustful trusting uncritical unquestioning unsuspecting unsuspicious unwary crispy crumbly crunchy crusty firm friable plump ripe short unwilted awkward childish conservationist credulous crisp GREENS greens sustainable development green energy environmentalism global warming sunny bright shiny rich clear glowing glossy shining ablaze lambent radiant vivid lucent aglow dusky dark dull black dim heavy grave pastel pale faded agile slight buoyant fluffy loose slender easy small airy thin sheer petty little flimsy dainty crumbly downy filmy friable frothy lithe meager nimble porous sandy spongy trivial unheavy large big fat thick rough faint weak tiny gentle mild sparse soft casual wee scanty minute minor frugal modest puny brave huge great loud strong bold firm wild harsh gloomy solemn moderate smooth facile untaxing gay high dizzy giddy merry perky witty upset sad down flash glare sun window lamp ray candle bulb glow star lantern torch dawn glitter sunrise gleam sparkle morn blaze glimmer sheen luster aurora glint beacon shine taper morning flare sunbeam daytime fulgor dimness eventide sundown sunset night dullness darkness aspect standing angle insight slant paragon attitude exemplar model approach example ignite brighten kindle put on turn on illumine animate inflame fire lighten spot cast flood illume light up darken drench quench mount burn spark flame sit perch drop stop rest roost move aerial atmospheric blowy breezy drafty exposed fluttering fresh gaseous gusty light lofty out-of-doors uncluttered vaporous ventilated well-ventilated windy diaphanous fragile frail frivolous illusory imaginary immaterial intangible rare rarefied tenuous visionary volatile weightless wispy animated blithe bouncy cheerful cheery effervescent elastic fanciful flippant frolicsome graceful happy high-spirited jaunty light-hearted nonchalant resilient sprightly whimsical come down debark descend disembark dismount get off settle touch down beam burst out coruscate explode flicker fulgurate illuminate incandesce jet radiate scintillate shimmer alight LIGHTS Light Lights Canada canada consent assent license nod denial veto accepting acknowledgment acquiring admission approval compliance cooperation gaining getting go-ahead green light obtaining okay permission receipt receiving reception recognition securing taking on undertaking yes affidavit assertion asseveration attestation averment avouchment avowal certification confirmation declaration oath pronouncement ratification stamp of approval statement sworn statement testimonial testimony acquiescence bells blessing concurrence countenance endorsement leave mandate recommendation sanction support the nod validation authorization say-so acceptance accord affirmation affirming agreement authenticating authentication authorizing corroborating corroboration evidence go ahead passage passing proving sanctioning substantiation supporting testament validating verification verifying visa witness allowance blank check carte blanche permit right on say so sufferance understanding clearance greenlight Green light GREEN LIGHT lush raw fresh leafy bosky dying adult old new immature young innocent callow gullible ignorant inexpert naive unversed youthful worn fir sap jade sage moss pine forest sea grass olive apple willow beryl kelly pea lime bice vert ecological biodegradable environmental field lawn turf plaza sward all thumbs amateurish artless blundering bulky bumbling bungling butterfingers coarse floundering gawky graceless green having two left feet having two left hands incompetent inept klutzy lumbering maladroit oafish rude stiff stumbling uncoordinated uncouth unfit ungainly ungraceful unhandy unpolished unrefined unskilled unskillful crude guileless inexperienced infant jejune jellybean juvenile kid low tech not dry behind ears puerile sophomore tenderfoot unbaked unfledged unripe unsophisticated untrained untried adolescent baby babyish childlike foolish frivolous infantile infantine kid stuff environmentalist guardian preservationist tree hugger accepting believing born yesterday dupable easy mark falling for overtrusting simple swallow whole taken in trustful trusting uncritical unquestioning unsuspecting unsuspicious unwary crispy crumbly crunchy crusty firm friable plump ripe short unwilted awkward childish conservationist credulous crisp GREENS greens sustainable development green energy environmentalism global warming sunny bright shiny rich clear glowing glossy shining ablaze lambent radiant vivid lucent aglow dusky dark dull black dim heavy grave pastel pale faded agile slight buoyant fluffy loose slender easy small airy thin sheer petty little flimsy dainty crumbly downy filmy friable frothy lithe meager nimble porous sandy spongy trivial unheavy large big fat thick rough faint weak tiny gentle mild sparse soft casual wee scanty minute minor frugal modest puny brave huge great loud strong bold firm wild harsh gloomy solemn moderate smooth facile untaxing gay high dizzy giddy merry perky witty upset sad down flash glare sun window lamp ray candle bulb glow star lantern torch dawn glitter sunrise gleam sparkle morn blaze glimmer sheen luster aurora glint beacon shine taper morning flare sunbeam daytime fulgor dimness eventide sundown sunset night dullness darkness aspect standing angle insight slant paragon attitude exemplar model approach example ignite brighten kindle put on turn on illumine animate inflame fire lighten spot cast flood illume light up darken drench quench mount burn spark flame sit perch drop stop rest roost move aerial atmospheric blowy breezy drafty exposed fluttering fresh gaseous gusty light lofty out-of-doors uncluttered vaporous ventilated well-ventilated windy diaphanous fragile frail frivolous illusory imaginary immaterial intangible rare rarefied tenuous visionary volatile weightless wispy animated blithe bouncy cheerful cheery effervescent elastic fanciful flippant frolicsome graceful happy high-spirited jaunty light-hearted nonchalant resilient sprightly whimsical come down debark descend disembark dismount get off settle touch down beam burst out coruscate explode flicker fulgurate illuminate incandesce jet radiate scintillate shimmer alight LIGHTS Light Lights court diet senate assembly association caucus chamber club committee conclave conference convention convocation council delegates government guild league legislative body legislature meeting order parliament society the Hill the house union board body brain trust cabinet clan confab congregation congress directorate gang gathering governing body groupthink huddle kitchen cabinet meet ministry mob official family outfit panel powwow ring synod commons house house of representatives lawmakers plenum voice of the people chamber of deputies general assembly house of assembly legislative assembly soviet national assembly Parliament
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