International Law in Brief
EU and Canada Sign Comprehensive Economic and Trade Agreement (October 30, 2016)
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By: Eric A. Heath | November 7, 2016 - 2:17pm
On October 30, 2016, the European Union and Canada signed the Comprehensive Economic and Trade Agreement (CETA) after overcoming various late obstacles to the process. The pact required unanimous agreement between the twenty eight members of the EU block. The EU says the agreement will boost trade with Canada by $13.2 billion a year and set “international standards” for trade. According to reports, opposition from Wallonia—a French speaking region of Belgium that claimed CETA “would undermine labor, environment and consumer standards,”—postponed the signing by a number of days. A separate agreement with the U.S., the Transatlantic Trade and Investment Partnership, is currently stalled in negotiations.