The Comprehensive Economic and Trade Agreement between the European Union and Canada faces more opposition from an EU member country. Government officials in Austria are ready to confront the EU regarding Austria’s opposition because the agreement contains “many of the same problems as one being negotiated with the U.S.,” according to Reuters. The EU and the U.S. are embattled in negations of the Trans-Atlantic Trade and Investment Partnership, which a trade official in Germany last month said talks on the deal had “de facto failed.” Combined with the political rhetoric in the U.S. against the Trans-Pacific Partnership, future global trade deals are on a shaky foundation, at best. In regards to TTIP and the Canada-EU deal, Austria reportedly has concerns the trade deals could compromise food safety standards. Political leaders in Austria also object to allowing companies to challenge government policies if a company feels regulations put create a disadvantage. The European Commission wants the Canada-EU trade deal approved by EU states before a planned EU-Canada summit at the end of October.
From the National Association of Farm Broadcasting news service.