Canada And Eu Agreement
At the Quebec City summit, after the adoption of the conclusions of the joint study, the parties agreed to scoping for Canada and the EU in order to possibly negotiate an economic partnership agreement. The results of this scoping attempt were published in March 2009 and an agreement was reached at the Canada-EU summit in Prague on May 6, 2009. The first round of negotiations took place in Ottawa in October 2009. The second round took place in Brussels in January 2010, the third returned to Ottawa three months later. So far, the negotiations seem to be progressing well, although the difficult issues have not yet been addressed. The recent comprehensive economic and trade agreement with Canada was negotiated over an eight-year period. The EU-Canada agreement continues to liberalise trade in almost all sectors. Some Newfoundlanders and Labradors have to eliminate their restrictions over three years. The Doha Declaration on the 2001 TRIPS Agreement on Public Health is reaffirmed. The agreement does not limit the possibility of exporting generic medicines to developing countries. With respect to Michael Hart`s main concern about CETA, the other important condition for the success of the negotiations is that the agreement does not harm the competitive position of Canadian companies in the U.S. market. This means that any attempt to harmonize laws, rules, standards, rules and procedures cannot be to the detriment of Canada`s economic relations with the United States.
This is a “red line” for Canada. If Europeans think CETA is a stepping stone to a broader transatlantic agreement with the United States, this condition might not be seen as very restrictive. However, it may be naïve to think that in the short term, europeans will be willing to compromise on CETA in order to increase the chances of reaching a long-term agreement with the Americans. Either way, a transatlantic deal with the US is unlikely to be achievable before 2021, after the 2020 presidential elections. The announcement of the completion of CETA was also the first time that people in Canada and Europe were allowed to see the official text of the agreement. The agreement was signed without public consultation. We are now being told that no change is possible. This week, british government trade negotiator David Frost gave a speech in Brussels calling for a “Canadian free trade agreement relationship.”