Today in Brussels, Stephen Harper And Jose Manuel Barroso have Signed CETA (comprehensive economic trade agreement).
The agreement text is still being kept secret and the agreement will not take effect for another two years (thats right the deal has been signed before anyone could even view it). Many main stream outlets are reporting the deal will open the EU’s market of a half billion consumers to Canadian exporters, also for the first time giving Europe’s corporations the right to bid on local infrastructure projects in Canadian cities.
What they are not prominently telling you is that the agreement opens Canadian rules and regulations to include European corporations. Effectively meaning that foreign corporations will be treated the same as domestic companies. Breaking down the borders for corporate control.
This deal is ushering Canada into a whole new level of globalization. Where corporations have supreme rule!
Here is more information about the deal that you will not find out from the main stream.
Rocco Galati talks about CETA opening Canadian banking to the EU in this video regarding the Bank of Canada.
Pressure is mounting on Canada to finish up a long-delayed trade deal with the EU. Despite outstanding issues that still must be settled, there is a final push to try and complete an agreement this summer. If both sides are able to secure a deal, it would lay the groundwork for the proposed U.S.-EU trade pact. There is the possibility that the U.S.-EU transatlantic trade talks could also include the other NAFTA partners and maybe even other countries. Mexico has already shown interest in joining and if Canada can’t put the final touches on their own agreement with the EU, they might also be part of the negotiations. This would facilitate plans for a coming NAFTA-EU free trade zone and the formation of a transatlantic economic union.
After almost four years, negotiations between Canada and the European Union (EU) on a Comprehensive Economic and Trade Agreement (CETA) are bogged down in the final stages. Both sides have missed numerous deadlines to wrap things up. There is uncertainty when or if CETA will even get done. Prime Minister Stephen Harper recently tried to boost trade talks. He acknowledged that considerable progress towards a free trade deal has already been achieved, but admitted that there are still important issues that need to be resolved before any agreement can be finalized. Harper also explained that it would be to Canada’s advantage to sign a deal with Europe before the U.S. does. He made the comments while meeting with French Prime Minister Jean-Marc Ayrault who was in Ottawa for an official visit. As part of a joint statement, both leaders said they looked forward to a successful conclusion to CETA negotiations. Before his trip to Canada, Ayrault was sent a letter by civil society groups voicing opposition to CETA and the investor protection chapter that would grant corporations the power to challenge government policies that restrict their profits.
There are key issues which remain stumbling blocks and are preventing Canada and the EU from reaching an agreement. Academic researcher and law professor Michael Geist argued that, “with the EU the stronger of the two parties, it doesn’t see any urgency to compromise. In fact, with a growing number of EU negotiations (including talks with the U.S.), compromise with Canada may undermine its position in more economically important deals.” He also laid out different possibilities for the future of CETA. This includes Canada continuing to hold out hope for a compromise which thus far has failed. They could cave to the EU demands, but this might hurt the Conservatives chances in the 2015 election. Geist pointed out another scenario which would involve Canada joining the U.S.-EU talks and CETA being replaced by the Transatlantic Free Trade Area (TAFTA). He noted, “The argument for TAFTA would be that Canada is consolidating its negotiations into major agreements covering the Pacific (TPP) and Atlantic (TAFTA) to ensure that it is part of two potential large trading blocks. The danger with this approach is that Canada becomes a bit player in both negotiations with even less leverage to promote Canadian interests.”
During a speech given in November of last year, EU Trade Commissioner Karel De Gucht called on Mexico and the EU to modernize their existing trade agreement. Glyn Moody of techdirt recently reported that Mexico is now looking to join the U.S.-EU transatlantic deal. This would be one way for the EU and Mexico to upgrade trade relations. Moody emphasized that the U.S. strategy is to, “make TPP the defining international agreement for the entire Pacific region. TAFTA obviously aims to do the same for the Atlantic. As well as establishing the U.S. as the key link between the giant TPP and TAFTA blocs, this double-headed approach would also isolate the main emerging economies — Brazil, Russia, India and above all China.” Just like the U.S. dominated Trans-Pacific Partnership (TPP), Mexico and Canada could also be a part of the Transatlantic Trade and Investment Partnership talks. This would make it a true NAFTA-EU trade bloc-level negotiations. There might be an opportunity for other countries to join as Turkey is also pushing to be included in the trade deal.
In a recent article, Maude Barlow of the Council of Canadians described how CETA negotiations have laid the groundwork for a U.S.-EU free trade zone. She insisted that it would be a mistake for all three NAFTA countries to be a part of a transatlantic agreement. Barlow warned about some of the same dangers found in CETA that the U.S. could face in their own trade deal with the EU. She stressed how opening up local procurement to the EU should be of great concern to U.S. states and municipal governments. In Canada, a number of municipalities have passed motions demanding that they be excluded from the procurement rules in CETA which would restrict local hiring and purchasing initiatives. Barlow also cautioned that an investor protection chapter like the one in CETA would allow European multinationals to sue for any potential profit losses related to U.S. government policies and regulations. This would be worse than NAFTA’s Chapter 11 and as a result, the U.S. would lose more sovereign rights. The Australian government has already stopped the practice of including investor-state dispute resolution procedures in trade agreements and now it’s time for other countries follow suit.
In Canada, opposition to CETA continuous to grow. There are deep concerns over the expansion of NAFTA-like investor rights, the dismantling of supply management in agriculture and the negative impact that CETA would have on local public procurement. It could also serve to further empower Big Pharma by extending monopoly drug patents which would lead to higher costs. Just like any of the other so-called next-generation trade and investment deals, CETA is based on the failed NAFTA model with the same false promises. These secretive and binding international agreements are not really about trade, but are in fact designed to reshape regulatory and policy frameworks to further increase the rights of corporations and investors.
Whatever happens with CETA will greatly affect how the U.S. and EU approach their own trade deal. Moving forward, the merging transatlantic partnership will eventually culminate in the creation of a NAFTA-EU free trade zone. With the push for deeper international economic integration, the U.S. is positioning itself to become the lynchpin between the world’s largest trading blocs.
Dana Gabriel is an activist and independent researcher. He writes about trade, globalization, sovereignty, security, as well as other issues. Contact: beyourownleader@hotmail.com Visit his blog at Be Your Own Leader
The U.S. and EU have agreed to launch negotiations on what would be the world’s largest free trade deal. Such an agreement would be the basis for the creation of an economic NATO and would include trade in goods, services and investment, as well as cover intellectual property rights. There are concerns that the U.S. could use these talks to push the EU to loosen its restrictions on genetically modified crops and foods. In addition, the deal might serve as a backdoor means to implement ACTA which was rejected by the European Parliament last year. A U.S.-EU Transatlantic trade agreement is seen as a way of countering China’s growing power and is the foundation for a new global economic order.
In his recent State of the Union address, President Barack Obama officially announced that the U.S. would launch talks on a comprehensive Transatlantic Trade and Investment Partnership with the European Union (EU). A joint statement issued by European Commission President Jose Manuel Barroso, European Council President Herman Van Rompuy and U.S. President Obama explained that, “Through this negotiation, the United States and the European Union will have the opportunity not only to expand trade and investment across the Atlantic, but also to contribute to the development of global rules that can strengthen the multilateral trading system.” In a separate speech, European Commission President Barroso also emphasized that, “A future deal between the world’s two most important economic powers will be a game-changer. Together, we will form the largest free trade zone in the world. So this negotiation will set the standard – not only for our future bilateral trade and investment, including regulatory issues, but also for the development of global trade rules.”
The decision to pursue a free trade deal was based on the recommendations put forth by the High Level Working Group on Jobs and Growth which was created to deepen U.S.-EU economic integration. In their final report, they called on leaders from both sides to, “initiate as soon as possible the formal domestic procedures necessary to launch negotiations on a comprehensive trade and investment agreement.” According to U.S. and EU officials, talks could start in June with the hopes of completing a deal by the end of 2014. The proposed trade pact would include removing import tariffs, dismantling hurdles to trade in goods, services, and investment, as well as harmonizing regulations and standards. It would also cover intellectual property protection and enforcement. This could be used as an opportunity for a backdoor implementation of the Anti-Counterfeiting Trade Agreement (ACTA). It was a result of public pressure associated with risks to internet freedom and privacy which lead to ACTA being rejected by the European Parliament in July of 2012. There have already been attempts to use Canada-EU trade negotiations to sneak in parts of ACTA.
Public Citizen’s Global Trade Watch Director, Lori Wallach cautioned how U.S.-EU talks, “are aimed at eliminating a list of what multinational corporations call ‘trade irritants’ but the rest of us know as strong food safety, environmental and health safeguards.” She went on to say, “European firms are targeting aspects of the U.S. financial reregulation regime, our stronger drug and medical device safety and testing standards and more.” Wallach further added, “U.S. firms want Europe to gut their superior chemical regulation regime, their tougher food safety rules and labeling of genetically modified foods.” In a press release, Earth Open Source warned that, “An EU-U.S. free trade deal would obliterate EU safeguards for health and the environment with regard to genetically modified (GM) crops and foods.” Research Director Claire Robinson pointed out, “If the new trade agreement goes through, it will be illegal under World Trade Organisation rules for the EU to have a stronger regulatory system for GMOs than the U.S. system.” This is disturbing considering that in many cases, GM foods in the U.S. do not require any special regulatory oversight or safety tests.
Overshadowed by the proposed U.S.-EU trade deal is ongoing Canada-EU negotiations on a Comprehensive Economic and Trade Agreement (CETA). Despite talks being in their final stages, both sides still have some important gaps to be bridged before a deal can be reached. Thomas Walkom of the Toronto Star acknowledged that, “Europe’s real interest in negotiating a trade deal with Ottawa was to demonstrate to the Americans that a trans-Atlantic free trade pact was possible.” He noted, “EU negotiators will be even more reluctant to make concessions to Canada for fear of weakening their bargaining hand with the Americans.” Walkom argued that, “Canada is under more pressure to make a deal while Europe is under less.” He concluded that. “A Canada-EU deal seems inevitable. But now, with America in the mix, the terms for Canada may be even less favorable than expected.” The Globe and Mail recently reported that the EU is demanding additional concessions from Canada before any agreement can be signed. In order to wrap things up, a desperate Canada may be willing to give up even more. This was a bad deal from the start and it would be in their best interest to just walk away from CETA.
In the coming months, you can expect the anti-corporate globalization movement on both sides of the Atlantic to mobilize against the U.S.-EU trade agreement. It is big business and financial institutions who are pushing this deregulation agenda which threatens health, environmental and food safety standards. Just like NAFTA, the proposed U.S.-EU trade deal is also likely to include an investor-state dispute process which would give corporations the right to challenge government policies that restrict their profits. A trade agreement between the U.S. and EU is the building blocks for a new global trading system. If you combine NAFTA, the Trans-Pacific Partnership and a U.S,-EU Transatlantic trade deal, you have the makings for a global free trade area.
Dana Gabriel is an activist and independent researcher. He writes about trade, globalization, sovereignty, security, as well as other issues. Contact: beyourownleader@hotmail.com Visit his blog at Be Your Own Leader
Last week the EU Parliament voted against the Anti Counterfeiting Trade Agreement as the citizens of the EU rallied together to put a stop to internet censorship. The latest tactic to introduce these bills into law is to sneak similar provisions into the Comprehensive Economic and Trade Agreement (CETA)
Today in Brussels, Stephen Harper And Jose Manuel Barroso have Signed CETA (comprehensive economic trade agreement).
The U.S. and EU have agreed to launch negotiations on what would be the world’s largest free trade deal. Such an agreement would be the basis for the creation of an economic NATO and would include trade in goods, services and investment, as well as cover intellectual property rights. There are concerns that the U.S. could use these talks to push the EU to loosen its restrictions on genetically modified crops and foods. In addition, the deal might serve as a backdoor means to implement ACTA which was rejected by the European Parliament last year. A U.S.-EU Transatlantic trade agreement is seen as a way of countering China’s growing power and is the foundation for a new global economic order.
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