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CETA facing significant roadblocks at the European Business Summit

By Patrick C. Gagnon      

The overall impression amongst political and bureaucratic leaders present at the summit was that Canada is not the only economy at stake in the broader discussion of CETA. Rather, the global framework of existing and future accords, upon which world prosperity and peace are dependent, are at stake as well.

As the European Business Summit concluded, it appeared that the Canada-EU free trade agreement (CETA) faced obstacles that may not only impact its ratification, but the adoption of the Trans Pacific Partnership TPP, along with the more ambitious U.S.-EU trade accord. The event brought together a wide spectrum of stakeholders ranging from business executives from Europe and abroad, diplomats from around the world and Members of European Parliament. Canada was present at the summit as well with International

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