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EU-Canada – International affairs – Enterprise and Industry. (source/link)
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.
1. The current state of regulatory cooperation is recorded in the road map [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”.
A voluntary framework [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.
- CETA Free Trade Deal: Harper Heading To Europe To Conclude Pact (olduvaiblog.wordpress.com)
- EU Assures that CETA Does Not Contain ACTA Copyright Rules (michaelgeist.ca)
- EU, Canada trade deal finalized in Brussels after 4 years of negotiations (business.financialpost.com)
- Harper announces agreement in principle on European free trade (o.canada.com)
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.
“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.
- Greek Week Of Strikes Begins (greece.greekreporter.com)
- Greek public sector shuts down for 2-day strike (bostonherald.com)
- Doctors at Greek hospitals join strikes (thehindu.com)
- Greek workers plan nationwide strike (rinf.com)
- Indefinite strikes spread in Greek sackings battle (socialistworker.co.uk)
- Greek public sector shuts down for 2-day strike (star-telegram.com)
- UK urged to back EU biofuels cap. (theguardian.com)
- European biofuels vote delivers ‘desperately weak compromise.’ (theguardian.com)
- Euro MPs to vote on new biofuel cap (bbc.co.uk)
- Currency Controls in Europe (jackcollier7.com)
- Moody’s: Risk of a new Cyprus default remains elevated (famagusta-gazette.com)
- Risk of a new Cyprus default remains elevated, says Moody’s (cyprus-mail.com)
- Greece: Total Collapse In Pics – GDP Plunges To Year 2000 Levels – That Things Are Hopeless And Getting Worse Is An Understatement – Another Bailout Imminent (infiniteunknown.net)
- Greece’s life-saving austerity medics (bbc.co.uk)
- Athens pulls back from brink again thanks to nearly £6bn of emergency aid (dailymail.co.uk)
- Massive Greek protests enter third day (freedomportal.net)
- Time for the Fed to Take Over the ECB’s Job? (economistsview.typepad.com)
- The U.S. and the Euro-crisis: Lessons from a Comparison (cepr.net)
- State of the Global Economy According to IMF Chief Economist (marketcurator.com)
- Economic Crisis Stifles Europe Birth Rates – Study (novinite.com)
- Move along please! There’s no crisis here (rt.com)
- Greece secures more bailout funding (bbc.co.uk)
- Greece seeks £7bn aid as €42bn tax is lost (dikaiopolis.gr)
- Greece Isn’t Turning the Corner – Bloomberg (bloomberg.com)
- Greek Bailout Went To Wealthy, Investors (greece.greekreporter.com)
- Greece ” suddenly ” finds a 1.2 billion hole in its healthcare budget ! Meanwhile , as the Coalition seeks to find a way out of the ERT debacle which as it stands today , ERT is still off the air despite the Administrative Court Order of Monday ! And Troi (fredw-catharsisours.blogspot.com)
- Brussels fires shot in China solar trade war (telegraph.co.uk)
- Beijing threatens a duty on French wine in trade war over solar panels (thetimes.co.uk)
- EU imposes China solar panel duties (bbc.co.uk)
- EU levies on Chinese solar imports (belfasttelegraph.co.uk)
- VIDEO: China trade war fears remain despite EU solar ruling (marketcurator.com)
- China Starts Probe of Wine After EU Announces Solar Tariffs – Bloomberg (bloomberg.com)
- EU poised to impose anti-dumping levies on China (thestate.com)
- China Trade Retaliation: Is It Just Bad PR? (everything-pr.com)
- Germany: Merkel vows to avoid trade war with China (themeshreport.com)