This article was last updated on April 16, 2022
Canada: 
Oye! Times readers Get FREE $30 to spend on Amazon, Walmart…
USA: Oye! Times readers Get FREE $30 to spend on Amazon, Walmart…
Canada and the European Union have finally released the long-awaited concluded text of a major free trade deal and disregarded the importance of last-minute objections from senior German politicians. According to the President of European Commission, José Manuel Barroso, all 28 EU member states approved the final wording of the Comprehensive Economic and Trade Agreement (CETA) unveiled Friday in Ottawa.
Mr. Barroso highlighted that “until now, all the official communication we’ve received from Germany were absolutely in favour of this agreement and it would be very strange if it were to be otherwise because, if I may add, I think in Europe the country that is going to benefit the most from this agreement is indeed Germany, as the biggest economy and the biggest exporter.” Furthermore, Mr. Barroso hoped that all 28 member states would support the deal in 2015, which will eventually be applied from 2016 onwards. The all-inclusive deal includes detailed provisions to eradicate tariffs and makes it convenient for citizens and businesses of both sides to work in the other territory through skills recognition and inter-company transfers.
Most importantly, the primary object of the deal is to allow companies to compete for government work across the free-trade zone, including at the “sub-national” level such as municipal contracts. In addition to that, there are also special rules in place for “geographical indications” that restrict how companies can use terms like Asiago, Feta and Gorgonzola that refer to specific locations.
Be the first to comment