Trade agreements, Canada, Brexit
After negotiators reached a compromise this fall with Walloonians concerned with local produce, the European parliament approved CETA, paving the way for greater economic union between Canada and Europe. A British trade negotiator, lamenting Brexit, explains why modern trade agreements are so complex:
The next generation of bilateral agreements, of which Ceta is the template, is complex. They reflect the realities of modern commerce and go beyond trade, touching upon behind-the-border issues such as standards, regulation and opening government contracts to competitive bidding. This complexity means that the deals take years to negotiate and conclude. In our amped up media environment, there are special interests making noise at each step in the process, ensuring that trade and investment deals are a marathon, not a sprint.