25 Oct 2016
EU-Canadian free-trade agreement (CETA) hits the roadblock - BBH
Research Team at BBH, notes that the Wallonia continues to reject the EU-Canadian free-trade agreement (CETA).
Key Quotes
“Opinion, it seems is universally aligned against this small French-speaking region in Belgium. However, the situation is more complicated than it may appear. Gone barely unmentioned by most is the fact that the EC changed the rules for approving trade agreements. It had been an issue for member states and the EU Parliament. However, reportedly under pressure from Germany's Vice Chancellor to appease the anti-free-trade wing of his own SPD, CETA required parliamentary approval. In Belgium's case, it also required the regional parliament's to approve. “