Parliament in Belgium's Wallonia region on Friday approved a landmark EU-Canada free trade agreement after marathon talks produced a compromise clearing the way for the European Union to sign the pact.
28.10.2016
(AFP) Belgium's Wallonia region on Friday approved a landmark EU-Canada
free trade agreement after marathon talks produced a compromise,
clearing the way for the European Union to sign the pact.
By 58 votes to five, parliament in Namur, south of Brussels, became
the first of the country's three French-speaking communities to back
changes made to allay fears local interests could be harmed by one of
the biggest ever trade deals.
Its approval, after nearly four hours of debate, suggests the other regions will also back the deal.
This in turn will allow the Belgian government to give the European
Union its blessing to go ahead with the Comprehensive Economic Trade
Agreement (CETA).
CETA requires all 28 EU member states to endorse it before it can be
signed and then ratified by their parliaments and in some cases -- as in
Belgium -- by their regional governments.
Wallonia head Paul Magnette told the Namur parliament that the
changes agreed offered more guarantees that local interests would be
properly protected.
"CETA amended, CETA corrected; that is fairer than the former CETA
and offers more guarantees ... and that is what I put to you," Magnette
said.
CETA will link the EU's single market of 500 million people -- the
world's biggest -- with Canada's 10th largest global economy in what
would be the most ambitious tie-up of its kind.
The EU had been due to sign CETA at a summit Thursday in Brussels
with Canadian Premier Justin Trudeau but that was called off as his
Belgian counterpart Charles Michel tried to win the holdout regions'
backing.
"This is an important agreement that is on the table," Michel said after the talks on Thursday.
Under complex constitutional arrangements, Michel needed all of
Belgium's regional governments to back the deal before he could sign
up.
CETA took seven years to negotiate to 2014 and another two years to
go through the EU's institutions before it ran into the Belgian
roadblock.
Once signed, the pact will go into effect on a provisional basis, pending full member state ratification.