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CETA: Four simple letters for a massive change

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CETA: FOUR SIMPLE LETTERS FOR A MASSIVE CHANGE  
DECODING THE COMPREHENSIVE ECONOMIC AND TRADE AGREEMENT
The commercial treaty was eventually signed on October 30th, 8 years after negotations started. The main objective is to ease trade of goods and services between Canada and E.U. countries, notably by removing tariffs barriers and making norms more flexible.
A CONTROVERSIAL FREE-TRADE TREATY BETWEEN THE E.U. AND CANADA
WHAT ARE THE CETA'S MAIN FALLOUTS ACCORDING TO GOVERNMENTS & INSTITUTIONS?
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* Overall, nearly 550 million European and Canadian consumers are concerned by this treaty * 98% of the tariffs-barriers are to be suppressed, in order to ease exchanges of goods and services between the two zones: it would generate $12bn * Enabling European companies and producers to develop their activities in Canada or export their products without any taxes and less norms, and vice versa * Offering a wider range of products to consumers at a lower price
A T(H)REATY? CONTESTATIONS FROM ALL OVER EUROPE
Protestors denounce a loss of sovereignty for E.U. countries and a threat to European markets and consumers: * Multinational companies would get more power: they could be able to sue States if the latest policies' were foiling firms' development plans in the country - i.e. smoking bans. * The quasi-disapperance of tariffs barriers would threaten markets' stability and would lead to a major change in terms of norms - E.U. laws would be aligned on Canadian's legislation. * Levelling downwards of E.U. countries' conditions of life: work flexibility, environmental and food norms. * Unfair competition to local producers, since foreign products could be less expensive
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The CETA was officially signed on October 30th. Now, each of the 28 E.U. States has to vote and fully approve the agreement: votes will take place in national Parliaments. It is important to underline that the treaty will come into effect progressively, even though national Parliaments haven't approved the treaty yet. In the meantime, contestations are continuing in European countries.
WHAT NOW?
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European Commission - http://trade.ec.europa.eu/doclib/docs/2016/october/tradoc_155009.pdf BBC News - http://www.bbc.com/news/world-europe-37814884 Le Monde - http://www.lemonde.fr/economie/article/2016/10/25/la-contestation-contre-le-libre-echange-gagne-du-terrain_5019900_3234.html
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