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Planned free trade agreement between the EU and Canada Supported by European Parliament committee and Supreme Court Germany’s. This increases the likelihood that the agreement will come into force by the end of the year, Reuters reported.
The European Union and Canada signed a Comprehensive Economic and Trade Agreement (CETA) in October after overcoming strong opposition from parts of Belgium and hesitation from Austria and other countries.
More than two years after negotiations ended, the agreement should Approved by the European Parliament. The European Parliament will make a decision in February.
The European Parliament’s Environment, Public Health and Food Safety Committee has voted The 751-member parliament backed the motion for the deal. 40 votes were against and 24 votes were in favor of the proposal.
Parliament’s trade committee is the lead body on CETA, but it will hold a vote in January. Other committees were given an opportunity to express their views.
Employment Committee In December, it was recommended that the agreement be rejected. Because it threatens jobs and exacerbates inequality.
Even after the European Parliament votes, the agreement will come into force conditionally, most likely in Elimination of import tariffsas it requires approval from all 28 member states as well as Belgium’s various regional parliaments.
Supporters of the deal say it will Promoted trade growth between the EU and Canada With a 20% increase, the European economy would earn 12 billion euros per year and Canada would earn $9.2 billion.
At the same time, the German Constitutional Court Activists’ attempt to blockade Berlin rejected Ratify the agreement before the national parliaments ratify it.
In October, the court granted The government approved the dealBut activists questioned the government’s failure to comply with the court’s request.
Today, the court ruled that the German government had met the Constitutional Court’s requirements before ratification Agreement to sign and implement CETA.
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