{"id":4197,"date":"2020-02-29T13:18:16","date_gmt":"2020-02-29T13:18:16","guid":{"rendered":"https:\/\/www.sportsnewsforyou.com\/?p=4197"},"modified":"2020-02-29T13:18:16","modified_gmt":"2020-02-29T13:18:16","slug":"canadas-fresh-push-for-eu-trade-deal","status":"publish","type":"post","link":"https:\/\/googmn.com\/?p=4197","title":{"rendered":"Canada&#8217;s fresh push for EU trade deal"},"content":{"rendered":"<figure class=\"art\"><figcaption>\n<p>Canada&#039;s new prime minister Justin Trudeau is reviving hopes for a trade deal with Europe | STEPHANE DE SAKUTIN\/AFP\/Getty<\/p>\n<\/figcaption><\/figure>\n<header>\n<h1>Canada&#8217;s fresh push for EU trade deal<\/h1>\n<p class=\"subhead\">Both sides want to resolve the investor court issue without reopening the deal.<\/p>\n<p>Click Here: <a href='https:\/\/www.ifootballshop.com\/crystal-palace-657.html' title='Crystal Palace Shop'>Crystal Palace Shop<\/a><br \/>\n                    <\/header>\n<footer class=\"meta\">\n<p>\n\t\t\tBy\t\t\t<span class=\"byline\"><br \/>\n\t\t\t\t<span class=\"vcard\">Hans von der Burchard<\/span>\t\t\t<\/span>\n\t\t<\/p>\n<p class=\"timestamp\"><time datetime=\"2015-12-09T22:46:23+00:00\">12\/9\/15, 10:46 PM CET<\/time><\/p>\n<p class=\"updated\">Updated <time datetime=\"2015-12-11T19:40:52+00:00\">12\/11\/15, 7:40 PM CET<\/time><\/p>\n<\/footer>\n<p>Canada\u2019s new government is pushing the EU to move faster on a delayed trade deal, including a potential compromise on the key sticking point holding the deal up.<\/p>\n<p>Canada&#8217;s chief trade negotiator Steve Verheul, in Brussels this week, brought a clear message: Ottawa&#8217;s new liberal government is \u201cstrongly supportive\u201d of the deal, but wants to avoid any further delays.<\/p>\n<p>\u201cWe want to move towards implementation as quick as possible,&#8221; Verheul told reporters Wednesday, adding this would be a \u201ctop priority\u201d for new International Trade Minister Chrystia Freeland, who was appointed just four weeks ago.<\/p>\n<p>Canada is open to compromise on the\u00a0EU&#8217;s demands for an international court on investment protection, if it doesn&#8217;t take too\u00a0much time.<\/p>\n<p>Although Ottawa and Brussels concluded their negotiations on the deal back in September 2014, controversy over the so-called investor state dispute settlement (ISDS) mechanism has stalled efforts to ratify and implement the agreement since then.<\/p>\n<p>NGOs and left-wing politicians argue the long-used system for protecting the investments of foreign investors would undermine national governments&#8217; legislation and their right to regulate.<\/p>\n<p>The launch of EU-U.S. negotiations on the much bigger Transatlantic Trade and Investment Partnership, or TTIP, in 2013 drew increasing attention to the ISDS topic.\u00a0A public consultation on investment protection by the European Commission, published in January, showed a huge majority of European citizens reject ISDS.<\/p>\n<p>In a move to appease skeptics, EU Trade Commissioner Cecilia Malmstr\u00f6m proposed to reform the entire\u00a0system by transforming it into an international trade court with independent judges, more transparency and an appeal mechanism.<\/p>\n<ul class=\"story-frag-list layout-linear article-in-this-section\">\n<li><\/li>\n<\/ul>\n<p>But as she presented her plan, aimed to be established in TTIP and all future trade deals, in September, the Canadian\u00a0negotiations had already been\u00a0closed for a year.<\/p>\n<p>It&#8217;s turned into a huge headache for Malmstr\u00f6m and her trade negotiators, as many MEPs\u00a0now say they would not ratify any trade agreement that goes below these standards.<\/p>\n<p>\u201cIt is true that our recent proposal, which we have sent to the U.S., goes further than the CETA [the Canadian trade deal] text,\u201d Malmstr\u00f6m said to\u00a0the European Parliament&#8217;s International Trade Committee Wednesday, but added \u201cneither Europe nor Canada\u201d would have an interest in reopening the agreement.<\/p>\n<p>Instead, there would be a chance to do some \u201cfine-tuning\u201d and \u201ctargeted improvements\u201d during the so-called legal scrubbing, an expert review process that is normally intended to only remove language ambiguities and other inconsistencies.<\/p>\n<p>Such changes \u201cwill be crucial for this house and several member states\u201d to get approval for ratification, Malmstr\u00f6m admitted.<\/p>\n<p>With the new liberal government in power, there is hope for more flexibility to amend the agreement via legal scrubbing, while not officially reopening it.<\/p>\n<p>\u201cWe\u2019re prepared to work with the EU to work in the direction of an international court for investment disputes,\u201d Canadian negotiator Verheul said. \u201cBut if the EU is going to press us to adopt an appellate mechanism that would certainly involve quite a bit of further discussion &#8230; We recognize that\u2019s a longer-term exercise.\u201d<\/p>\n<p>Such\u00a0further hold-ups are what Ottawa wants to avert.<\/p>\n<p>The target, Verheul said, is to get final details sorted out fast to launch the treaty&#8217;s ratification in late spring next year. The deal\u00a0needs to win the approval of the Council\u00a0and get a green light from the European Parliament,\u00a0plus most likely all 28 national parliaments. That could push final passage to 2017 or further.<strong><br \/>\n<\/strong><\/p>\n<p>The business side is also pushing for acceleration.<\/p>\n<p>There might be \u201csome flexibility on ISDS as long as it is reasonable,\u201d said Jason Langrish, president of the Canada Europe Roundtable for Business. More important, however, is to \u201csee some results,\u201d Langrish, who represents companies\u00a0from both sides, added.<\/p>\n<p>The European Parliament&#8217;s biggest political group is arguing the EU shouldn&#8217;t require changes to the deal at all costs.<\/p>\n<p>&#8220;Our political group is ready to ratify CETA as it stands right now,&#8221; Daniel Caspary, a leading trade parliamentarian from the European People&#8217;s Party, said.<\/p>\n<p>&#8220;The agreement already includes a reformed and improved investment protection system with more transparency and clearer legal definitions, so it has nothing to do with the old ISDS system that is often criticized.\u201d<\/p>\n<\/p>\n<footer class=\"content-credits\">\n<h6>Authors:<\/h6>\n<dl class=\"vcard\">\n<dt class=\"credits-author\"><span class=\"vcard\">Hans von der Burchard<\/span>&nbsp;<\/dt>\n<\/dl>\n<\/footer>\n","protected":false},"excerpt":{"rendered":"<p>Canada&#039;s new prime minister Justin Trudeau is reviving hopes for a trade deal with Europe | STEPHANE DE SAKUTIN\/AFP\/Getty Canada&#8217;s fresh push for EU trade deal Both sides want to resolve the investor court issue without reopening the deal. Click Here: Crystal Palace Shop By Hans von der Burchard 12\/9\/15, 10:46 PM CET Updated 12\/11\/15,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-4197","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/googmn.com\/index.php?rest_route=\/wp\/v2\/posts\/4197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/googmn.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/googmn.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/googmn.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/googmn.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4197"}],"version-history":[{"count":0,"href":"https:\/\/googmn.com\/index.php?rest_route=\/wp\/v2\/posts\/4197\/revisions"}],"wp:attachment":[{"href":"https:\/\/googmn.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/googmn.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/googmn.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}