The CETA Treaty - The Trojan Horse of Europeanization
Edith Mihaela Dobrescu (edithdobrescu@gmail.com) and
Emilian Dobrescu (emilianmdobrescu@yahoo.fr)
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Edith Mihaela Dobrescu: Institute for World Economy of the Romanian Academy 13 September Calea, no.13, Bucharest ROMANIA
Global Economic Observer, 2017, vol. 5, issue 2, 18-22
Abstract:
The Comprehensive Economic and Trade Agreement (CETA), that numbers about 2,000 pages, is a free trade agreement between Canada and the European Union. By adopting it, there will be eliminated 98% of Canada-EU trade tariffs. According to a study made by the Impact and Sustainability Commission (SIA), the EU economy will grow by 0.03% over the long term due to the CETA Agreement, while Canada's economy would increase by 0.2-0.4%. Critics who oppose the treaty argue that it will weaken consumers' rights from a food safety perspective and that tariffs are already negligible. Negotiations ended in August 2014, the agreement was approved by the Council of the European Union and the European Parliament and was ratified by all EU Member States. Ratification of the CETA (Canada & Europe Trade Agreement) has always been the subject of serious concerns, first of all Canada was "cautiously optimistic" about the fate of this Treaty.
Keywords: trade negotiations; free trade agreement; regional opposition; ratification; free movement of labor; recognition of qualifications; arbitration tribunal (search for similar items in EconPapers)
JEL-codes: F F02 F1 (search for similar items in EconPapers)
Date: 2017-12
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