Saudi Interior Ministry enforces penalties for unauthorized Hajj attempts    L'Oréal Saudi Arabia inaugurates 'L'Oréal for the Future' summit in Jeddah to empower Saudi women and promote sustainable growth    Gaza kitchens warn food will run out in days after two months of Israeli blockade    Al Ahli eye maiden continental crown in historic AFC Champions League Elite final    Mahrez targets historic treble with AFC Champions League Elite title    Al Somah extends his legendary lead as Saudi Pro League's all-time top scorer    US songwriter Jill Sobule dies in house fire    Saudi Arabia fines eight foreign trucks for illegal goods transport in April    Defense minister attends elite special forces exercise in Northwestern Region    Saudi Arabia releases updated GDP data highlighting expanded non-oil sector contribution    Saudi Arabia to showcase culinary heritage at Taste of Paris 2025    Donald Trump looms large over Australia's election    GAMI is organizing Saudi pavilion at Athens International Defense and Security Exhibition    PIF announces pricing of $1.25 billion international sukuk offering    Businesses count costs as India and Bangladesh impose trade restrictions    Israel fires largely controlled after mass evacuations    New Parkinson's Pump therapy introduced at King's College Hospital London in Dubai First-of-its-kind treatment offers a new lease on life for the youngest Parkinson's patient in the UAE and MENA region    King Charles sends heartfelt message to fellow cancer patients    Al Nassr crash out as Kawasaki Frontale reach AFC Champions League Elite final    Saudi Transplant Congress discusses scientific advancements and innovations on organ donation and transplantation    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



EU-Canada trade deal on home stretch after Belgium resolves impasse
Published in Saudi Press Agency on 27 - 10 - 2016

The European Union and Canada closed in Thursday on a landmark free trade deal after Belgium cleared internal political opposition, just hours after a planned summit to sign the agreement had to be cancelled, according to dpa.
For days, Belgium's francophone region of Wallonia had blocked the Comprehensive Economic and Trade Agreement (CETA), which aims to lift trade barriers and ease the flow of goods between Canada and the EU.
It cannot be signed unless all 28 EU member states are on board.
"Belgian agreement on CETA," Prime Minister Charles Michel wrote on Twitter. "Finally white smoke," added EU Trade Commissioner Cecilia Malmstrom.
Belgium's regional parliaments now have until midnight (2200 GMT) on Friday to give their go-ahead for Belgium to approve CETA, Michel said. The rest of the EU is already on board.
The Walloon parliament is expected to vote at around 4 pm Friday, the Belga news agency reported. The region of Brussels and the country's French-language community had also opposed the deal.
In parallel, EU member states are expected to give their formal approval to CETA and all accompanying texts by midnight on Friday, after their ambassadors accepted the Belgian compromise, EU sources said on condition of anonymity.
The hope is that, "after all procedures are concluded, we will be able to say that the EU is ready to sign the CETA agreement," one source said. Canadian officials must also vet the Belgian addendum before CETA can be signed.
European Council President Donald Tusk welcomed Thursday's "good news," but said he would wait until all hurdles are removed before contacting Canadian Prime Minister Justin Trudeau.
"Only once all procedures are finalized for [the] EU signing CETA, will I contact PM Justin Trudeau," Tusk wrote on Twitter.
CETA was supposed to be inked at an EU-Canada summit in Brussels on Thursday. With no breakthrough in sight, the Canadian delegation led by Trudeau had cancelled their trip late Wednesday.
Canadian officials said the resolution of Belgium's deadlock was a "positive step," but warned that "there is still work do" before the on-again-off-again agreement is signed.
"Canada has done its job. Canada ؟remains ready to sign this important agreement when Europe is ready,"؟؟؟ said Alex Lawrence, the spokesman for Canadian Trade Minister Chrystia Freeland.
Walloon leader Paul Magnette told Belga he was "very, very happy" with Thursday's outcome.
"If we took a little bit of time, it is because I think that what we have achieved here is important not only for the Walloons but also for all Europeans," Magnette had said earlier.
Many suspect, however, that political rivalries between Wallonia's Socialist leaders and the federal centre-right coalition are also at play.
When asked in an interview with German broadcaster ARD late Wednesday whether the EU was to blame for the summit's postponement, European Commission President Jean-Claude Juncker said, "The difficulties that we had are interior Belgian difficulties that had to be set aside." The compromise text, posted online by the RTBF broadcaster and retweeted by Belgian Foreign Minister Didier Reynders, addresses concerns that CETA could weaken social and environmental standards, threaten farmers' livelihoods and give undue powers to corporations.
It notably also includes a demand for the European Court of Justice, the EU's top tribunal, to check if a proposed arbitration court for disputes between companies and governments is in line with the bloc's rules.
CETA is seen as a blueprint for a bigger - and more controversial - deal being negotiated with the United States. Proponents argue that trade agreements boost the economy and create jobs.


Clic here to read the story from its source.