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EU approves contentious free trade pact with Canada despite protests (VIDEO) | EU approves contentious free trade pact with Canada despite protests (VIDEO) |
(about 20 hours later) | |
The European Parliament has approved a landmark free trade deal between the EU and Canada. Hundreds gathered in Strasbourg, France to protest the Comprehensive Economic and Trade Agreement (CETA). | The European Parliament has approved a landmark free trade deal between the EU and Canada. Hundreds gathered in Strasbourg, France to protest the Comprehensive Economic and Trade Agreement (CETA). |
The approval allows CETA to come into force provisionally in the coming months. | The approval allows CETA to come into force provisionally in the coming months. |
The EU parliament voted to support most of the terms of the contentious trade deal, notably tariff reduction, which will apply eight years after negotiations began. | The EU parliament voted to support most of the terms of the contentious trade deal, notably tariff reduction, which will apply eight years after negotiations began. |
The members of parliament approved the deal with 408 votes in favor, 254 against and 33 abstentions. | The members of parliament approved the deal with 408 votes in favor, 254 against and 33 abstentions. |
At the same time, more controversial aspects of the pact, including the secret corporate court system, will require ratification by EU member states which may reportedly take years. | At the same time, more controversial aspects of the pact, including the secret corporate court system, will require ratification by EU member states which may reportedly take years. |
The move came as hundreds of protesters were rallying outside the EU parliament building in Strasbourg to oppose the deal. They claim the agreement will ruin European environmental, labor and consumer standards with no growth and jobs in return. | The move came as hundreds of protesters were rallying outside the EU parliament building in Strasbourg to oppose the deal. They claim the agreement will ruin European environmental, labor and consumer standards with no growth and jobs in return. |
Anti-globalization activists, dressed in surgical masks, tried to block the entrance to the parliament building, before being dragged away by police. The protesters were carrying banners reading “Saying yes to CETA is a trampling of the people,”“Stop CETA.” | Anti-globalization activists, dressed in surgical masks, tried to block the entrance to the parliament building, before being dragged away by police. The protesters were carrying banners reading “Saying yes to CETA is a trampling of the people,”“Stop CETA.” |
EU countries and Canada formally signed the pact last October following eight years of tough negotiations. The parties managed to overcome last-minute resistance from the French-speaking Belgian region of Wallonia. | EU countries and Canada formally signed the pact last October following eight years of tough negotiations. The parties managed to overcome last-minute resistance from the French-speaking Belgian region of Wallonia. |
Wallonia's regional parliament repeatedly blocked the deal, urging the sides to renegotiate some of its terms. The head of the region Paul Magnette insisted the initial version of CETA allowed big corporations to sue the governments of EU member states. | Wallonia's regional parliament repeatedly blocked the deal, urging the sides to renegotiate some of its terms. The head of the region Paul Magnette insisted the initial version of CETA allowed big corporations to sue the governments of EU member states. |