Saturday, 23 April 2016 23:35

Globalization: EU trade relations with the US and Canada

Canada EU FreeTradeZoneThe European Union and Canada in 2013 signed an agreement on creating a free trade area. Harmonization of the text of the Free Trade Zone Agreement between Canada and the European Union is complete and must be approved by the countries - EU members and the European Parliament. This agreement should start operating next year.

This was reported by Minister of International Trade of Canada Hristea Freeland.

"Canada and the European Commission are pleased to announce that the legal verification of the English-language text of an agreement on a comprehensive free trade zone is completed," - said Freeland.

Now, the agreement will be translated into the other 22 EU languages, then signed and ratified.

The new Government of Canada was able to agree with the EU, some changes to the original agreement. These changes will create for Canadian and European citizens and businesses more transparent and fair system in the field of investment.

chrystiafreeland"There have been some changes to the section on investing that reflect the common aspiration of Canada and the European Union to strengthen the rights of states to carry out regulation. We also have detailed requirements for the members of ethics committees and the tribunal, and introduced a system of appeal." - explained Freeland.

The agreement on free trade zone between the EU and Canada will bring many environmental benefits to Canadians and open access to a market of 500 million people and a total GDP of $ 20 trillion.

"It is really "golden" trade deal that will bring incredible benefits to Canadians and Europeans, wich we will experience in wealth growth. I am convinced that this deal will be significant." - summed Freeland.

ttipThe EU and the United States currently negotiating an agreement on free trade and investment partnership. The agreement with the United States is supported by all heads of the leading European economies. And EU business in the first place - a large. Obama, speaking in London on Saturday, April 23, said that the establishment of free trade between the EU and the US zone will create millions of jobs and billions of dollars of benefits.

February 10, 2015 on the website of the European Commission published the planned agreement type that prepared from the summer of 2013. From the standpoint of global politics, a new high trade standards will be established with the signing of the agreement "before someone else do it based on other values." We are talking about positioning against the new economic superpowers. In other words, the signing of the agreement on the establishment of the Transatlantic Trade and Investment Partnership between the US and the EU - TTIP, will lead to the emergence of "economic NATO".

ttip pluses
From an economic point of view, the agreement will bring benefits by increasing trade, if there will be agreed different at present the US and EU standards in areas such as protection of the environment and product safety.

In fact, forms huge free trade zone -. It is 800 million people, more than half of global GDP and trade. All fees for "members" will disappear, but someone else, such as Russia and China, "come to trade" in the new EU-US will be much more difficult.

Among the advantages of TTIP- rise a market, doing business is simplified, the cost will be reduced, will be created new jobs and increase competitiveness. there is a fine order to protect the interests of entrepreneurs in the TTIP, an innovative tool - NGOs arbitration courts (tribunals). Thanks to them, investors will be able to sue directly with the states, which would be difficult to defend the local, parochial interests and markets.

nottipSkeptics say about demotion of trade unions that "the Europeans at home will almost migrants", parallels the accession of the Baltic countries to the EU. Against TTIP are the leftists, greens, populists. Fear that Americans will reduce the high EU standards that everyone will have GMO food and chlorinated chickens. Farmers EU go bankrupt, will worsen conditions for employees, consumers, small Eurobusiness.

Tellingly, the petition "against TTIP agreement" signed a 1.5 million Europeans under the EU population of 500 million people.

Independent experts believe this agreement disastrous for small and medium-sized enterprises in the European Union: in their view, the agreement is beneficial primarily to transnational companies.

And they are partly right: the concept of a little "sovereign" state in the modern globalized world looks ridiculous. TTIP equal rights and opportunities for the state and the corporation.

Of course, there is resistance to signing the contract, but it can not be stopped as it is impossible to stop technological progress. There is no alternative TTIP, as it is - an outstanding success of the case of globalization and the unique thing.

"Enlarges or Lose" - is known and understood by all.

For Western leaders, the project on creation of the Transatlantic Trade and Investment Partnership is a matter of political prestige in too great extent, so they can afford to fail the negotiations. It's too big project to become a failure.

Similar blocks already engulfed the whole world. Apart China and Russia:

  • TTP "Trans-Pacific Partnership," USA and countries from Japan to Chile, from Australia to Vietnam.
  • CETA: "A comprehensive economic and trade agreement", - Canada and EU
  • NAFTA: USA, Mexico and Canada are covered by the North American Free Trade Agreement.

Bulgaria and Romania can veto the decision of the EU to conclude trade pacts with the United States and Canada due to visa problems. This was reported by diplomatic source in Brussels.

"In the power structures of Bulgaria and Romania such conversations take place, because the United States and Canada remain the visa regime for the citizens of these countries".

Merkel ttipGerman Chancellor Angela Merkel believes that the benefits for the European Union to conclude a free trade agreement with the United States currently far exceed the risks.

She also noted that the agreement represents a chance for the EU to establish common standards throughout the world. But he stressed that Europe does not back down from its high standards and will continue to protect the environment and consumers' rights.

"We don't wish to make an impression for people, as if we are hiding something or depart from the rules, just the opposite", - said the Chancellor.

On Sunday, April 24 Merkel with US President Barack Obama will open the exhibition of industrial technology in Hannover.

Norway 240 animated flag gifsInterestingly, Norway is in a special position in relation to ongoing negotiations. On the one hand, due to their "non-participation" in the EU country does not have opportunity to influence the content of the agreement and to defend national interests. On the other hand, the new agreement is largely affect Norway. Most of the national legislation before formed remotely from Brussels in the framework of the Agreement on Common Economic Space.

With the onset of the Transatlantic Trade and Investment Partnership, Washington will be able to indirectly influence on the country's politics.

Possible consequences of the new agreement for Norway are studying both the government and industry organizations. All agree on one thing: if the country will be left out of the agreements affected the Norwegian exports, especially fish and seafood. If the Norwegians are trying to conclude a parallel agreement with the United States, alone or jointly with partner countries of the European Free Trade Association, may have to radically change the agricultural policy of the state.

On Monday, April 25 will be a meeting of the leaders of Germany, USA, UK, France and Italy, which is expected, they are, in particular, will discuss the agreement on transatlantic trade and investment partnership.

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