Canadian Prime Minister Justin Trudeau and President of the European Council Donald Tusk announced a Sunday, October 30 meeting, which is expected to be signed the Comprehensive Economic and Trade Agreement between Canada and the European Union (CETA).
It is reported by BBC Russian Service. “Canada Summit EU – will take place on Sunday Great news I can not wait to be there..” – Wrote Trudeau in “Twitter” after talks with Tusk. Earlier on the same he declared himself Tusk.
The signing of a comprehensive trade agreement that will allow Canada and the EU to cancel 98% of the currently existing trade duties, had to be postponed due to the fact that it was unable to ratify Belgium, one of the three parts of which – Wallonia – refused to endorse the agreement.
On Thursday, Prime Minister of Belgium Charles Michel said that the regions of the country were able to come to an agreement about CETA and it could be signed as early as next week. According to proponents of CETA, with the signing of the Agreement, bilateral trade will increase by 20%. In addition, they believe that the agreement is particularly positive impact on the development of small businesses in the EU and in Canada.
Critics, in turn, believe that the CETA protects the interests of large corporations and that the agreement will lead to a decrease in product quality standards. Earlier in Belgium and other European countries have been mass protests against the signing of trade agreements with Canada and the United States. In preparation for the signing of the Comprehensive Economic and Trade Agreement with Canada, the EU took seven years.