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Trade Agreement (CETA) Info: EU-Canada – International affairs – Enterprise and Industry

EU-Canada – International affairs – Enterprise and Industry. (source/link)

EU-Canada

European and Canadian flags

The European Commission and the Government of Canada have made several political commitments to intensify cooperation between regulators. The results of business surveys, notably on the conditions/barriers for market access, have confirmed the impact of differences in regulations on EU-Canada trade and investment. As a consequence, both sides decided to explore ways and means of encouraging regulators to cooperate on a voluntary basis when creating technical regulations that they believe may have significant trade effects.

Current activities

1. The current state of regulatory cooperation is recorded in the road map pdf - 106 KB [106 KB] .

2. The most recent study  on EU-Canada trade and investment was complited in 2009, in preparation for negotiations for a Comprehensive Economic and Trade Agreement (CETA) which began in October 2009. The EU and Canada have agreed that a chapter on Regulatory Cooperation should be included in this agreement.

Background to the existing cooperation activities

At the Canada-EU Summit held in Ottawa on 19 December 2002, the Commission and the Government of Canada agreed to treat this issue in two separate ways, namely to:

  • “intensify our regulatory dialogue and work towards a new Framework in this field”; and
  • “design a new type of forward-looking, wide-ranging bilateral trade agreement covering, inter alia, new generations issues and outstanding trade barriers”.

voluntary framework pdf - 48 KB [48 KB] for regulatory cooperation was adopted in 2004 between the Commission, led by DG Enterprise and Industry, and the Canadian government, led by the Department of Foreign Affairs and International Trade of Canada (DFAIT).
The voluntary Framework is designed to promote more effective Canada-EU regulatory co-operation, and to work towards preventing and eliminating unnecessary barriers to trade and investment while ensuring better quality and effective regulations to achieve public policy objectives, as described in the press release.

Discussions on a Trade and Investment Enhancement Agreement (TIEA) began after the summit, but have since been abandoned and are now replaced by the CETA negotiations.

 

 

Thousands protest austerity cuts in Portugal – Europe – Al Jazeera English

Thousands protest austerity cuts in Portugal – Europe – Al Jazeera English. (source)

Thousands of Portugese took the streets of Portugal’s two most populated cities to demonstrate against planned cuts of pensions and salaries.

Saturday’s demonstrations are a response to the government’s decision to extend austerity measures in the 2014 budget.

In Lisbon, hundreds of buses slowly crossed the April 25th bridge in a protest organised by Portugal’s main labor group, the General Confederation of Portuguese Workers. In the northern city of Porto, thousands gathered in the main square shouting anti-austerity slogans.

Portugal, currently engaged in an international aid programme, is focusing next year’s fiscal efforts on spending cuts, reducing state pensions and cutting public workers’ wages.

Unemployed teacher Sofia took part in the protest to ask for government resignation.

“I’m here to fight for more work and better wages and against this government’s austerity measures, so I want them to leave together with the Troika,” Sofia said referring to the trio of European Commission, International Monetary Fund and European Central Bank in charge of handling bailouts of distressed euro zone countries.

The budget includes wage cuts for public sector workers ranging from 2.5 percent to 12 percent on monthly salaries of over 600 euros. Pension cuts should bring savings of 728 million euros.

“I am a retired civil servant and I’m suffering from the cuts. I worked and studied to earn more than 2,500 euros without any government help and now they are cutting my pension,” pensioner Maria Barreto said.

The country’s 78-billion-euro bailout formally ends in mid-2014 when Portugal should return to financing itself normally in bond markets, which it stopped doing in 2011 when its debt crisis first hit.

Seeking a better future Ricardo Pereira travelled from Torres Novas to Lisbon: “I’m here to fight for a better future for me and for the next generation and against this government’s austerity measures.”

The budget aims to slash the budget deficit to 4 percent of GDP next year from 5.9 percent in 2013. It may still face challenges from the Constitutional Court that has previously rejected some government austerity measures.

Summer Vacation Is Over: Greek Public Workers Begin Two-Day Strike | Zero Hedge

Summer Vacation Is Over: Greek Public Workers Begin Two-Day Strike | Zero Hedge.

English: 29 June 2011: Demonstrations in front...

English: 29 June 2011: Demonstrations in front of the Greek parliament – Moutza against the parliament. (Photo credit: Wikipedia)

Europe Moves To Drastically Cut Crop-Based Biofuels | Motherboard

Europe Moves To Drastically Cut Crop-Based Biofuels | Motherboard.

 

On the ground in Cyprus: Capital controls still in effect

On the ground in Cyprus: Capital controls still in effect.

 

The situation on the ground in Athens

The situation on the ground in Athens.

 

Is it the end of the European crisis? – Features – Al Jazeera English

Is it the end of the European crisis? – Features – Al Jazeera English.

 

Greece secures $8.7bn in rescue loans – Europe – Al Jazeera English

Greece secures $8.7bn in rescue loans – Europe – Al Jazeera English.

 

Greece Has One Month To Plug A €1.2 Billion Healthcare Budget Hole | Zero Hedge

Greece Has One Month To Plug A €1.2 Billion Healthcare Budget Hole | Zero Hedge.

 

Trade Wars: The Chinese Empire Strikes Back | Zero Hedge

Trade Wars: The Chinese Empire Strikes Back | Zero Hedge.

 

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