“CETA is a game changer for major trade agreements”. The Sting reports live from EBS 2015

The Sting clicks at the CETA session during European Business Summit 2015. (European Sting, 07/05/2015)

The Sting clicks at the CETA session during European Business Summit 2015. (European Sting, 07/05/2015)

Trade has become one of Europe’s main keys to unlock future growth and so it became one of the hottest topics in Brussels’ finest parlour this year. But the message that European Business Summit wanted to launch in 2015 is that when it comes to trade in Europe, it certainly is not all about TTIP.

The Canada-European Union Comprehensive Economic and Trade Agreement, or simply CETA, was at the spotlight during the European Business Summit this year, given the prominent presence of Canada in this year’s edition. Although the negotiation process recently concluded, there are still a few open points of discussion, especially around the time that will pass before an official approval by the Council of the European Union and the European Parliament is made. The CETA session explored the topic in detail and the Sting was there to cover it.

After moderator Paul Adamson, chairman of Forum Europe, welcomed the attendees, it was Steve Verheul, Canada’s Chief Trade Negotiator, to take the stage. “CETA is overall a balanced agreement, a very ambitious deal which will bring a lot of Benefits”, he declared. Mr. Verheul had no doubts about the “recipe” behind it: “Thanks to common values, share thoughts and common views we went through very productive negotiations and so we got to this agreement”. This very positive point led us to challenge Mr. Verheul with a question which necessarily drew the attention towards TTIP.

Indeed it came as natural for us to ask Mr. Verheul why other trade agreements don’t go as smoothly, if success is sitting on common values and shared views. “Do you think Canadian values differ so much to American values? Why the EU doesn’t seem to find an agreement so easily with the US, although the values set is apparently so similar?” – the Sting asked Mr Verheul.

“The role of Governments is basically the most important thing in this kind of delicate negotiations”, he told us. “Generally speaking yes, I think that for many things Canada is closer to the EU than the US. The two governments had exactly the same views on many aspects, like safety, culture, etc.”, Mr. Verheul continued, “and this made it [to find an agreement] easier”. During the session he has also drawn the attention to a very delicate aspect, especially in relation to the TTIP negotiations. “We have never asked the EU to modify, or even lower its standards, or somehow adapt to our system”, Mr Verheul stressed.

In the same session, Mr. Markus Beyrer, Director General of BusinessEurope, expressed his satisfaction for the “important result” reached. “This agreement is a game-changer”, he often repeated last Wednesday at the conference we attended.“Of course we have negotiated attentively and we have changed some points – it’s normal – but we always wanted to take a step forward”.

Mr. Beyrer also gave his opinion on the Canada-EU value scheme telling us that the EU shares the same values with both Canada and US, but when it comes to TTIP the matter is much more complex. The EU-US agreement has itself more complicated aspects, like, for instance, public procurement. “Most of the critics around these trade agreements are focused on globalisation, but this is our chance to shake globalisation”, he underlined.

The EU-Canada CETA negotiations were concluded on 1 August 2014, and the trade agreement was officially presented on 25 September 2014 by the Canadian Prime Minister Stephen Harper and European Commission’s former President Jose Manuel Barroso during an EU – Canada Summit at the Royal York Hotel in downtown Toronto.

If approved, the agreement will begin to come into effect in 2016 at the earliest, when 98% of the tariffs between the two parties will be eliminated.

A joint study by Canada and the EU revealed that CETA could deliver a 20% boost in bilateral trade and a €11.6 billion annual increase to the EU economy.

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Featured Stings

European Business Summit 2014: The role of youth entrepreneurship education in EU’s Strategy for Competitiveness

What options the new President of Ukraine has?

From Grexit to Brexit: UK industry now says the in/out referendum is good for your health

Global Citizen – Volunteer Internships

Draghi rehabs ECB into a tool to support growth and employment; a departure from Teutonic orthodoxy

The US bugged Europe: Is this news?

MasterCard at European Business Summit 2015: A focus on innovation will drive inclusive economic growth for Europe

Commission deepens criticism on German economic policies

Why lay people don’t expect anything good from G20

GREXIT final wrap-up: nobody believed Aesop’s boy who cried wolf so many times

A Sting Exclusive: “Doing ourselves a favour”, Vice President Dombrovskis underscores that this time growth has to come from within the EU

EntEx Organises 5 Summer Schools for Young Entrepreneurs across Europe in June/July 2014

“As German Chancellor I want to be able to cope with the merger of the real and digital economy”, Angela Merkel from Switzerland; the Sting reports live from World Economic Forum 2015 in Davos

Pharmaceuticals conceal drug side effects with the EU’s Court blessing

No better year for the EU’s weak chain links

Eurozone needs more than some decimals of growth

Trump to run America to the tune of his business affairs

G20 LIVE: “International communities and leaders have great expectations for 2016 G20 summit in Hangzhou China”, Mr Wang Xiaolong, the Chinese Foreign Ministry’s special envoy stresses live from G20 in Antalya Turkey

Ukraine undecided over a strategic partnership with the EU

China-EU Special Report: Chinese Premier Li Keqiang endorses China’s big investment on Juncker’s plan at 10th China-EU Business Summit

EU to negotiate an FTA with Japan

A critical European young voice on Net Neutrality: the distance between Brussels and Washington

TTIP’s 11th round starts in Miami but EU-US businesses see no sunny side

The ECB again takes care of the bankers not the people

Commission’s feeble response to financial benchmarks fraud

Fair completion rules and the law of gravity don’t apply to banks

Towards the Rise of the United States of the Atlantic?

High-technology manufacturing saves the EU industry

Syria: Why did the US-Russia brokered ceasefire collapse? What does the duo care for?

The EU Commission lets money market funds continue the unholy game of banks

EU security and defence industry prepares positions for ‘producers’ and ‘customers’

Greece’s last Eurogroup or the beginning of a new solid European Union?

Financial Transaction Tax: More money for future bank bailouts?

How much more political is the new EU leadership? Does this include personal bend?

COP21 Breaking News_07 December: “Remove Roadblocks to Climate Action”

Eurozone: Inflation plunge to 0.4% in July may trigger cataclysmic developments

“C’est la vie”? French recession and unemployment to linger in Eurozone

China Unlimited Special Report: The trip to China

May a parody constitute a copyright infringement? European Court of Justice to give the answer

WEF Davos 2016 LIVE: “It is the implementation, Stupid!”, German Finance Minister Wolfgang Schaueble points the finger to Greece from Davos

A Sting Exclusive: “Climate Change needs to be demystified”, Anneli Jättenmäki Vice President of European Parliament underscores from Brussels

MWC 2016 LIVE: Getty chief says one in four new images from phones

The EU pretends not knowing what happens in the Western Balkans

Austerity lovers and ‘relaxationists’ fight over the EU budget

Although Greece is struggling to pay salaries and pensions Varoufakis is “optimistic”; the Sting reports live from EBS 2015

Why the merchant ships can pollute the atmosphere with CO2 quite freely

Do the EU policies on agro-food smell?

An EU Summit without purpose

EU seeks foreign support on 5G from Mobile World Congress 2015 as the “digital gold rush” begins

On Human Rights Day European Youth Forum calls for end to discrimination of young people

Greece may offer to China a European gateway

Court of Auditors: EU spending infested with errors well above the materiality threshold of 2%

Migration has set EU’s political clock ticking; the stagnating economy cannot help it and Turkey doesn’t cooperate

Brussels wins game and match in Ukraine no matter the electoral results

Summer JADE Meeting 2015: We came curious, we left inspired

The Parliament sets the way for the European Banking Union

ECB is about to lend trillions to banks

A Sting Exclusive: why the environment is important to your health, by UNEP’s Head for Europe

German stock market is not affected by the Greek debt revolution while Athens is running out of time

“If they think they can slave an entire nation, then they will just have the opposite results!”, Alexis Tsipras cries out from the Greek parliament

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s