Friday, 2 September 2016

CANADIAN TRADE DEAL IN TROUBLE

To emphasise how difficult new trade deals are to negotiate, we now learn that Austria has serious problems with the Canadian trade deal known as the Comprehensive Economic and Trade Agreement (CETA). This doesn't actually include financial services and has taken seven years to negotiate.  Now Austria (HERE) say they will start a conflict to derail the deal because it's very similar to TTIP and has the same problems.

Brexiteers will point out that this is the problem with EU negotiated trade deals. They take too long and are too protectionist.  But this is what we will be up against when (if) we negotiate our own trade deal with the EU.  As the article says at the end national and even some regional parliaments will have to approve it.  If you ask me 2035 looks optimistic.

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