Oct 22, 2016
By Christine Ross
It looked like the Canada-EU free trade deal was dead yesterday but today, there is renewed hope it can be signed. The president of the European Parliament met with Canada’s International Trade Minister Chrystia Freeland Saturday in an attempt to save the accord between Canada and the 28-nation European Union. Martin Shultz also met with the holdout small Belgian region of Wallonia, where residents there worry the deal will hurt their farmers and public services. Freeland left yeseterday’s meetings almost in tears, suggesting that the deal – known as CETA – was dead. Today, she’s more hopeful but says the ball is now in Europe’s court and hopes the EU will finish doing its job. The massive accord took seven years to negotiate. A similar free trade agreement being negotiated between the E-U and the United States is facing far more opposition than the Canada pact. Progress on the American deal appears unlikely until a new U-S president takes office.