What do protestors have against the Canada-EU trade deal?

By awrara ra

The Comprehensive Economic and Trade Agreement (CETA) due to be struck between Canada and the European Union has been met with protest in Brussels.

Large crowds gathered last week to speak out against the proposed deal along with The Transatlantic Trade and Investment Partnership (TTIP) proposal being negotiated with the USA.

From day one, CETA will scrap almost all customs duties, saving EU firms hundreds of millions of euros a year in duty payments, thus also benefitting European consumers directly, by reducing prices and increasing choice of products imported from Canada.

It will boost trade in services, create new market access and provide better access for European suppliers of services in which EU companies are world leaders, ranging from maritime services, telecoms, and engineering to environmental services and accountancy.

However, protest groups have demonstrated against the proposed agreement, claiming it would damage labour rights and undermine environmental protection laws.

A Greenpeace Europe spokesman said: "We are against these trade deals because they are a threat for the environment, for health, for labour regulations and they give so much power to multinational corporations."

As many as 100,000 were thought to have been protesting across several German cities over the course of the last week or so.

Follow @BizReviewCANADA

Read the September 2016 issue of Business Review USA & Canada magazine

Share

Featured Articles

Must-attend sustainability events for executives in 2022/23

Discuss and debate the most pressing issues around sustainability at these nine executive events – from London to Abu Dhabi, San Diego to Singapore

Meet the CEO on a mission to nurture women leaders in Africa

The argument for women leaders in Africa is compelling, yet numbers are small. But one female leader is on a mission to change that – Awamary Lowe-Khan

BCG's Daniel Weise on supply chain and procurement strategy

Daniel Weise, global leader of Boston Consulting Group’s procurement business line, on the timely publication of his new book, Profit From The Source

Flexible work perks heat up as the war on talent rages

Human Capital

Meet the COO: Former Israel Defense Force cyber lead Parnes

Technology & AI

People Moves: Pinterest, Amazon, DocuSign, KFC, Walmart Ca.

Leadership & Strategy