Thread: From NAFTA to CETA: Canada-EU Deep Economic Integration

From NAFTA to CETA: Canada-EU Deep Economic Integration

By Dana Gabriel

Canada and the European Union (EU) have already held five rounds of negotiations towards a Comprehensive Economic and Trade Agreement (CETA) which will go beyond NAFTA. With the sixth round of talks scheduled to take place in Brussels, Belgium from January 17-21, Canadian and EU officials remain optimistic that a deal could be finalized by the end of 2011. Thus far, negotiations have included key areas such as goods, rules of origin, services, investment, government procurement, as well as others. As talks enter their final crucial stages, there are growing concerns over the threat CETA poses to Canadian sovereignty. Coupled with the financial turmoil sweeping Europe, deep economic integration with the EU could prove disastrous.

In a recent article Maude Barlow, national chair of the Council of Canadians, points out the dangers Canada faces with the current CETA trade model. She warns that, “CETA will open up the rules, standards and public spending priorities of provinces and municipalities to direct competition and challenge from European corporations.â€

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