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2016-10-27 — reuters.com
Belgium's regions agreed to a free trade pact with Canada on Thursday, ending weeks of uncertainty when internal divisions in just one country blocked the European Union of 500 million people sealing the landmark deal.
... The premier of the Flemish region [Wallonia], Geert Bourgeois, said the original 1,598-page text of the trade deal stood. "This is a clarification, the actual treaty does not change," he said. Canada has already agreed to a binding declaration to answer concerns raised by others, notably Austria, principally setting out the right of governments to regulate. ... Belgium will ask the European Court of Justice whether the investment protection system is in line with EU rules, with Wallonia still expressing reservations. Friends of the Earth described these as potential time bombs under the deal. ... Supporters say the deal will boost the EU economy by 12 billion euros ($13 billion) per year and Canada's by C$12 billion ($9 billion) at a time of low growth. For Canada, it reduces reliance on the U.S. export market. source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |