EU-Canada Free Trade Deal Gets Final Nod

Image Courtesy: Danish Shipowners’ Association

The EU-Canada Free Trade Agreement (CETA) has received the final approval on February 15, as the European Parliament granted its final endorsement for the deal following votes in a number of Parliamentary committees.

The European Parliament’s final vote on the free trade agreement, eight years after CETA negotiations began, marks the conclusion of the long and difficult process in which the Belgian region of Wallonia threatened to capsize the whole agreement.

A majority of the European Parliament stuck with the view that CETA is the most modern and progressive trade agreement that the EU has ever negotiated, and thus voted in favour of the agreement.

“The approval of CETA by the European Parliament provides a much needed victory for positive globalisation and the wider EU trade policy,” Simon Bergulf, Director of EU Affairs at Danish Shipowners’ Association, said.

He emphasized that the agreement contains an ambitious maritime chapter that will ensure continued free and fair access for European shipping companies to Canadian ports and present new opportunities for feeder and dredging services.

“Today’s vote comes at a crucial time for the EU’s trade relations as anti-globalisation sentiments are gaining ground in the political debate in Europe. Furthermore, the shipping community stand to benefit from the agreement as our members have maritime business in Canada worth roughly EUR 350 million. If trade in goods increases as we have seen in the aftermath of the free trade agreement with South Korea, this figure will grow considerably,” Bergulf added.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2018 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 1 2 3 4

Shipping 360

This course is ideal for those who have recently joined the maritime sector and those who need to have a better understanding…

read more >

APM – ASIA PACIFIC MARITIME 2018

27 years in the making, APM is the premier shipbuilding & marine, workboat and offshore exhibition in Asia trusted by generations of industry professionals.

read more >

Shippax Ferry Conference 2018

The two-day onboard ferry conference was first organized in 2003 and grows ever more popular with some 400 delegates from over 40 ferry…

read more >

8th Dredging & Land Reclamation World Summit 2018

The 8th Dredging and Land Reclamation Summit 2018 will gather the decision makers from Authorities and Operators responsible for ports…

read more >