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Deirdre Fulton – ‘Massive Body Blow’ for CETA as EU Trade Ministers Postpone Vote

The Comprehensive Economic and Trade Agreement (CETA) between the E.U. and Canada suffered yet another setback on Tuesday, as EU trade ministers postponed a decision on the trade deal due in large part to objections from Belgium’s southern region of Wallonia.

The Associated Press reports that “Wallonia fears that its farmers will be priced out of the market with cheap Canadian produce and that many of the labor standards they fought for will be swept away.”

Furthermore, AP added: “Many Walloons say the CETA deal with Canada will be a precursor for a similar deal with the United States, the so-called [TransAtlantic Trade and Investment Partnership, or TTIP], which they fear will cut even further into their livelihoods and consumer and environmental standards.”

As recently as last week, Wallonia’s parliament voted to reject CETA—inviting what the region’s Minister President Paul Magnette described as “barely disguised threats” from corporate and political entities supporting the deal.

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