From World Development Movement
Short briefing on
CETA
The
Comprehensive Economic and Trade Agreement (CETA) is a “next
generation” free trade and investment pact that Canada and the
EU have been negotiating since May 2009. It has taken nearly a
year since the 18 October 2013 ‘agreement in principle’ was
reached to iron out the 'final difficulties' and we now expect an
announcement on its completion at the EU-Canada Summit on 25
September.
Member states have until 12 September to make
amendments to the text – after which point it is essentially set
in stone. However, this will only be the beginning of the
ratification process, which could take up to 2 years to complete.
Based on the leaked text we have seen, we oppose CETA.
CETA could unfairly restrict how local governments spend money by
banning ‘buy local’ policies, and create pressure to lock-in
privatisation of services.
We also have immediate concerns
about how CETA will be ratified – and fear CETA could pass into
force without being examined by MPs....
Short briefing on CETA
The Comprehensive Economic and Trade Agreement (CETA) is a “next
generation” free trade and investment pact that Canada and the EU have
been negotiating since May 2009. It has taken nearly a year since the 18
October 2013 ‘agreement in principle’ was reached to iron out the
'final difficulties' and we now expect an announcement on its completion
at the EU-Canada Summit on 25 September.
Member states have
until 12 September to make amendments to the text – after which point it
is essentially set in stone. However, this will only be the beginning
of the ratification process, which could take up to 2 years to complete.
Based on the leaked text we have seen, we oppose CETA. CETA
could unfairly restrict how local governments spend money by banning
‘buy local’ policies, and create pressure to lock-in privatisation of
services.
We also have immediate concerns about how CETA will be
ratified – and fear CETA could pass into force without being examined
by MPs.
- See more at: http://www.wdm.org.uk/trade/short-briefing-ceta#sthash.oMYi9WiO.dpuf