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Click to Watch in HD > EU-Canada trade deal falls apart after veto from ONE REGIONAL government
Watch THE EUROPEAN Union (EU) has suffered a humiliating set-back in its attempts to secure the CETA trade deal with Canada after a regional Belgian parliament overruled the entire 28-country bloc.Brussels is fuming after the Federation of Wallonia-Brussels, a parliament for Belgium’s French-speakers, voted last night to reject the Comprehensive Economic and Trade Agreement (CETA).
The brutal shutdown highlights the fragility of the EU’s ability to boost world trade.
Christoph Leitl of the business alliance Global Chamber Platform said: “It’s crazy. If we allow a regional parliament to block a trade deal that will benefit the whole EU, where does this lead us to?”