Tried the other day to reread the Comprehensive Economic Trade Agreement (CETA) and finally gave up in disgust. Maybe this deal between Canada and the European Union is just too comprehensive for this non-trade expert to comprehend. And when you find the mainly French-speaking Wallonia area of Belgium is the last hold-out on the deal, you know the deal will happen sooner than later.
It is not that we are sceptical of free trade, but we intensely dislike the idea of industry tribunals ruling over our elected government and allowing willful industry associations to hamstring our exports. It smacks too much of Italian fascism. And besides, anything that elicits the ready acceptance by both Conservative and Liberal politicians is cause for concern.
You can expect the Walloons will be bought off their high horse. It seems routine in Belgium that the different language groups are less than civil to each other. We once made the mistake of hiring a French-speaking taxi driver in Brussels to take us to a friend’s place in a Flemish enclave. The driver listened to our version of Canadian French, thought of the fat fare and agreed but got hopelessly lost. It took our bad French to get us out of trouble and to get directions for our driver.
There seem to be different versions of this trade agreement because you will hear on one side that it can mean as much as C$2 billion to Canada from this new agreement. That is not such a big deal when you consider that Canada already exports more than C$52 billion per year to Europe and Europe sends us about $62 billion. The import duties on both sides are already not all that significant.
But it is the exchange of professionals between Canada and Europe that will also be a factor. Accepting the qualifications of accountants, engineers and other professionals opens stronger bonds between the member countries of the EU and this country.
At least with this European trade agreement, Canadians have access to the details. We were often of the impression that the average citizen in any of the countries needed an unbiased plain language version of the deals.
American Republican presidential candidate Donald Trump has been providing his own comic book version of the North American Free Trade Agreement. Few Canadians know or would trust him, but, in some ways, it is too bad his suggestion of tearing up the agreement will not happen. Canada needs a better deal than the existing one with the U.S.
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Copyright 2016 © Peter Lowry
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