“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

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Featured Stings

Deutsche Bank again in the middle of the US-EU economic skirmishes

Bugged Europe accepts US demands and blocks Morales plane

Failing to see reality or deceiving the masses? The EU about poverty and social exclusion

How will Brexit affect higher education in the EU?

The EU can afford to invest trillions in support of employment

EU-US trade talks go ahead despite Prism and civil rights breach

Why the euro may rise with the dollar even at lower interest rates

New skills needed for medical students in Industry 4.0

Why the Greeks forgave Tsipras’ pirouettes around austerity and voted again for SYRIZA

A Sting Exclusive: “Our ambition is by 2020 Indonesia to become an emerging power of World’s Maritime Access”, reveals the Chargé d’Affaires at the Embassy of Indonesia in Brussels, treating WEF, ASEAN and EU-Indonesia relations on the eve of the World Economic Forum East Asia 2015 in Jakarta

European Youth Forum @ European Business Summit 2014: European Youth Unemployment

UK’s Cameron takes the field to speed up TTIP talks. Will “rocket boosters” work?

Where is Egypt leading the Middle East and the Mediterranean economy?

ECB doesn’t dare touch Eurozone’s big banks

Pro-EU forces won a 70% triumph in the European elections

Love Affair with Some(one)/(thing)

Irish Presidency: Not a euro more for EU budgets

Greece did it again

New skills agenda for Europe needs real investment

A Young entrepreneur cries out: “start in Europe, stay in Europe”

The European Sting @ Mobile World Congress 2014, Creating What’s Next for the World. Can EU Policy follow?

Who is to lose from the 6-month extension of the EU economic sanctions against Russia?

Germany loses leading export place

Eurozone: Bankers-politicians rig keeps robbing taxpayers

Eurozone: Negative statistics bring deflation and recession closer

South Eurozone countries threatened by rising borrowing cost and expensive euro

South Eurozone urgently needs fairer distribution of taxation burden

ITU Telecom World 2017: exploring smart digital transformation

The EU slowly exits from “Excessive Deficit Procedure” and hopefully from ‘Excessive Austerity Procedure’ too

Human rights in Brussels and in Beijing: a more balanced approach needed

France asks help from Germany but it will not be for free

Draghi’s ‘quasi’ announcement of a new era of more and cheaper money

Ministers for Youth miss the opportunity to improve social inclusion of young people

Germany hides its own banks’ problems

After Brexit and Grexit, Brussels to deal with Poloust

European Council: Choosing new leaders for the EU betrays efforts for a wider arrangement

The United Kingdom’s decision to leave the European Union will impact young people’s future the most

Greece’s future solely in the hands of Tsipras; he can direct the poor country any way he likes

Forget about growth without a level playing field for all SMEs

The “Legend of the Sun” wishes you Happy Chinese New Year 2015 from Brussels

Cancer research put at risk by General Data Protection Regulation? The possible dangers of a data privacy EU mania

French election: Will France vote for a reformed or no EU?

IMF – World Bank meetings: US – Germany clash instituted, anti-globalization prospects visualized

The West and Russia impose a new order on the world

European Youth Forum celebrates 20 years of fighting for youth rights

Poverty and social exclusion skyrocket with austerity

The EU threatens to occupy Libya militarily; is another colonial war brewing?

Impacting society with digital ingenuity – World Summit Award proclaiming the top 8 worldwide

IMF’s Lagarde indirectly cautioned Eurozone on deflation

CHINA UNLIMITED. PEOPLE UNLIMITED. RESTRICTIONS LIMITED

230 Junior Entrepreneurs and over 70 guests attended the International Congress on “Entrepreneurial Skills for Youth”

COP21 Breaking News_04 December: Launch of CREWS, climate risk & early warning systems

MWC 2016 LIVE: Under Armour learns from “robust community of data”

Deutsche Bank: the next financial crisis is here and the lenders need €150 billion from taxpayers

MWC 2016 Live: Roshan CEO opens up on Afghanistan challenges

Cameron’s “No Brexit” campaign wins top business support as Tory front breaks

Greece returns to markets at a high cost to taxpayers, after four years out in the cold

EU Parliament semi worried over democratic deficit

Berlin and Paris pursue the financial fragmentation of Eurozone

Eurozone: Economic sentiment-business climate to collapse without support from exports

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