Germany to reject EU-Canada trade deal


mentalfloss
#1


Germany to reject EU-Canada trade deal

BERLIN — Germany is to reject a multi-billion free trade deal between the European Union and Canada which is widely seen as a template for a bigger agreement with the United States, a leading German paper reported.

Citing diplomats in Brussels, the Sueddeutsche Zeitung said Berlin objects to clauses outlining the legal protection offered to firms investing in the 28-member bloc. Critics say they could allow investors to stop or reverse laws.

The German government could not sign the agreement with Canada “as it has been negotiated now”, reported the paper quoting German diplomats in Brussels.

It also said the clauses in the Canada deal were similar to those in the US agreement, which is still under negotiation.

“The free trade treaty with Canada is a test for the agreement with the United States,” said one senior official at the Commission in Brussels, according to the paper.

If the deal with Canada is rejected “then the one with the United States is also dead”, added the official.
Asked about the report, a spokesman for Germany’s Economy Ministry referred to correspondence which outlined Germany’s concerns about investor protection in talks with both countries.

“The German government does not view as necessary stipulations on investor protection, including on arbitration cases between investors and the state with states that guarantee a resilient legal system and sufficient legal protection from independent national courts,” wrote Deputy Economy Minister Stefan Kapferer.
In the letter, dated June 26, Kapferer took a similar position on investor protection in the still-to-be-agreed Transatlantic Trade and Investment Partnership (TTIP) agreement with the United States.

Brussels argues that without these clauses, companies from Canada will not invest in Europe.

Canadian Prime Minister Stephen Harper and European Commission President Jose Manuel Barroso signed a deal in principle last October, leaving officials to work out the final details. Sources said last month that the lower-level talks had run into trouble.

In Ottawa, a spokeswoman for Canadian Trade Minister Ed Fast did not directly address the report that Germany would reject the deal. Instead, Shannon Gutoskie said Canada and the European Union were making “excellent progress” as they worked to complete the text.

Gutoskie said German governments had long preferred treaties with tough investor-protection provisions.

“Germany’s bilateral investment treaties contain investor-protection clauses that are far more stringent than those in the Canada-EU agreement,” she said.

The Sueddeutsche said EU states will this week receive the treaty for officials to examine in detail before it is signed. All EU members have to sign the agreement for it to take effect.

The deal with Canada could increase bilateral trade by a fifth to 26 billion euros a year and the more ambitious one with the United States, if agreed, could encompass a third of world trade and almost half the global economy. — Reuters

Germany to reject EU-Canada trade deal | Oman Observer (external - login to view)
 
petros
+1
#2
LOL...I was going to post this earlier but my browser froze so I though to myself "f-ck it" flossy will post it".

I should head down to the OTB and cash in.

$20 across the board on Flossy in the 5th.
 
captain morgan
Bloc Québécois
+2 / -1
#3
I hate it when Harper tries to organize trade deals that will help get Canada's manufacturing sector back on track.

Evil SOB, he is
Last edited by captain morgan; Jul 28th, 2014 at 08:03 AM..
 
Locutus
#4
Quote: Originally Posted by mentalflossView Post


Canada will not invest in Europe.

oh well.





hey kid, missed you at Ford Fest.
 
petros
+2
#5
Yeah. I can't sleep at night from the Harper nightmares and attempts of him expanding markets for deadbeats.
 
mentalfloss
#6
Quote: Originally Posted by LocutusView Post

oh well.





hey kid, missed you at Ford Fest.


Did you actually go?
 
Walter
#7
All just part of the negotiations.
 
Locutus
#8
Quote: Originally Posted by mentalflossView Post

Did you actually go?


forums.canadiancontent.net/ca...ly-25th-2.html (external - login to view)
 
Grievous
No Party Affiliation
+1
#9
Quote: Originally Posted by captain morganView Post

I hate it when Harper tries to organize trade deals that will help get Canada's manufacturing sector back on track.

Evil SOB, he is



How would it help manufacturing?
 
darkbeaver
Republican
+1
#10
Quote: Originally Posted by captain morganView Post

I hate it when Harper tries to organize trade deals that will help get Canada's manufacturing sector back on track.

Evil SOB, he is

The manufacturing sector in Canada is not Canadian. The deal sucks it's just fascist gibberish.
 
coldstream
+3 / -1
#11  Top Rated Post
Good for Germany.

Free Trade has Failed. The EU is in a state of confusion and collapse. It's all coming crashing down.

Only drooling morons like Stephen Harper haven't got the message.
 
Nuggler
#12
Quote: Originally Posted by coldstreamView Post

Good for Germany.

Free Trade has Failed. The EU is in a state of confusion and collapse. It's all coming crashing down.

Only drooling morons like Stephen Harper haven't got the message.

............Left off knuckle dragging...............
 
captain morgan
Bloc Québécois
-1
#13
Quote: Originally Posted by darkbeaverView Post

The manufacturing sector in Canada is not Canadian. The deal sucks it's just fascist gibberish.

I guess all of those mfg jobs in Ontario were not filled by Canadians...

Shame

Quote: Originally Posted by coldstreamView Post

Good for Germany.

Free Trade has Failed. The EU is in a state of confusion and collapse. It's all coming crashing down.

Only drooling morons like Stephen Harper haven't got the message.

It's all part of the negotiations.

This deal is the template for a Free Trade arrangement that will be made with the USA... Don't fool yourself into thinking that Free Trade doesn't exist. If you still have any questions, toodle on down to any electronics store or Walmart and see what country of origin 99% of the products that are on the shelves
 
Grievous
No Party Affiliation
#14
Quote: Originally Posted by captain morganView Post

I guess all of those mfg jobs in Ontario were not filled by Canadians...

Shame



It's all part of the negotiations.

This deal is the template for a Free Trade arrangement that will be made with the USA... Don't fool yourself into thinking that Free Trade doesn't exist. If you still have any questions, toodle on down to any electronics store or Walmart and see what country of origin 99% of the products that are on the shelves


So I'll ask again.


How does free trade with the EU help Canadian manufacturing?
 
MHz
#15
Let me guess, the way the EU wants it worded is that the 'customers to the south' in NAFTA would suddenly become qualified for all the investment opportunities Europe can offer with the North American overhead attached. Too bad Russia has already been there and done the opening round, now the EU will look like little puppies looking for crumbs. Leaving Canad with the task of selling ice to the Eskimos. lol

Quote: Originally Posted by GrievousView Post

So I'll ask again.


How does free trade with the EU help Canadian manufacturing?

We are an exporter of raw materials, other nations can under bid us in the manufacturing dept. We just have to invest in gettin the desired products to ports that can take it to the ones who will use manufacturing skills to turn it into many different manufactured items, some of which are shipped back to Canada. We don't have the manpower to mine and manufacture items for the world. China can't even reach that level of production while keeping all it's citizens gainfully employed.
Free trade where we get European bobbles and beads and we take them south and sell then via NAFTA as 'Canadian goods' to Central/South America at a 50% increase in price.

Quote: Originally Posted by NugglerView Post

............Left off knuckle dragging...............

Almost brought a tear to my eye.
 
Sons of Liberty
+2 / -1
#16
Great, now we have to listen to another twenty years of Canadian leftard NAFTA bitching.
 
captain morgan
Bloc Québécois
+1
#17
Quote: Originally Posted by GrievousView Post

So I'll ask again.


How does free trade with the EU help Canadian manufacturing?

I suppose that you'll have to read the agreement.
 
Blackleaf
+1
#18
Quote: Originally Posted by coldstreamView Post

The EU is in a state of confusion and collapse. It's all coming crashing down.

Hopefully.
 
taxslave
No Party Affiliation
+1
#19
Quote: Originally Posted by MHzView Post

Let me guess, the way the EU wants it worded is that the 'customers to the south' in NAFTA would suddenly become qualified for all the investment opportunities Europe can offer with the North American overhead attached. Too bad Russia has already been there and done the opening round, now the EU will look like little puppies looking for crumbs. Leaving Canad with the task of selling ice to the Eskimos. lol


We are an exporter of raw materials, other nations can under bid us in the manufacturing dept. We just have to invest in gettin the desired products to ports that can take it to the ones who will use manufacturing skills to turn it into many different manufactured items, some of which are shipped back to Canada. We don't have the manpower to mine and manufacture items for the world. China can't even reach that level of production while keeping all it's citizens gainfully employed.
Free trade where we get European bobbles and beads and we take them south and sell then via NAFTA as 'Canadian goods' to Central/South America at a 50% increase in price.


Almost brought a tear to my eye.

Good plan. Being the middle man is truly money for nothing. The other benifit is we don't have to listen to ecoterorists bellyaching about the polution from manufacturing facilities.
 
captain morgan
Bloc Québécois
#20
Quote: Originally Posted by Sons of LibertyView Post

Great, now we have to listen to another twenty years of Canadian leftard NAFTA bitching.


I'd be OK with scrapping the whole deal... You?
 
Grievous
No Party Affiliation
#21
Quote: Originally Posted by captain morganView Post

I suppose that you'll have to read the agreement.



You seem to think it's good for Canadian manufacturing so I'm asking you how.


Did you read it?
 
captain morgan
Bloc Québécois
#22
Quote: Originally Posted by GrievousView Post

You seem to think it's good for Canadian manufacturing so I'm asking you how.

You're right... In fact, that's the very reason that NAFTA was signed in the first place - to cripple the entire economy, especially mfg.

Sheesh
 
Grievous
No Party Affiliation
#23
Quote: Originally Posted by captain morganView Post

You're right... In fact, that's the very reason that NAFTA was signed in the first place - to cripple the entire economy, especially mfg.

Sheesh



Yes, like all those manufacturing jobs in Mexico.


I asked you a simple question which you can't or won't answer.


How does the trade deal with the EU help Canadian manufacturing?


Have you read it, where can one read this deal line by line?
 
Spade
Free Thinker
+2
#24
Germany has seen the deal and has cried "EEEEEUUUWWW"
 
mentalfloss
+1
#25
Quote: Originally Posted by GrievousView Post

So I'll ask again.


How does free trade with the EU help Canadian manufacturing?

Fatty cheese and heart thwomping cold cuts makes good worker lunches.
 
Grievous
No Party Affiliation
#26
Quote: Originally Posted by mentalflossView Post

Fatty cheese and heart thwomping cold cuts makes good worker lunches.



This won't help Quebec cheese makers.
 
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