AGL 40.21 Increased By ▲ 0.18 (0.45%)
AIRLINK 127.64 Decreased By ▼ -0.06 (-0.05%)
BOP 6.67 Increased By ▲ 0.06 (0.91%)
CNERGY 4.45 Decreased By ▼ -0.15 (-3.26%)
DCL 8.73 Decreased By ▼ -0.06 (-0.68%)
DFML 41.16 Decreased By ▼ -0.42 (-1.01%)
DGKC 86.11 Increased By ▲ 0.32 (0.37%)
FCCL 32.56 Increased By ▲ 0.07 (0.22%)
FFBL 64.38 Increased By ▲ 0.35 (0.55%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 112.46 Increased By ▲ 1.69 (1.53%)
HUMNL 14.81 Decreased By ▼ -0.26 (-1.73%)
KEL 5.04 Increased By ▲ 0.16 (3.28%)
KOSM 7.36 Decreased By ▼ -0.09 (-1.21%)
MLCF 40.33 Decreased By ▼ -0.19 (-0.47%)
NBP 61.08 Increased By ▲ 0.03 (0.05%)
OGDC 194.18 Decreased By ▼ -0.69 (-0.35%)
PAEL 26.91 Decreased By ▼ -0.60 (-2.18%)
PIBTL 7.28 Decreased By ▼ -0.53 (-6.79%)
PPL 152.68 Increased By ▲ 0.15 (0.1%)
PRL 26.22 Decreased By ▼ -0.36 (-1.35%)
PTC 16.14 Decreased By ▼ -0.12 (-0.74%)
SEARL 85.70 Increased By ▲ 1.56 (1.85%)
TELE 7.67 Decreased By ▼ -0.29 (-3.64%)
TOMCL 36.47 Decreased By ▼ -0.13 (-0.36%)
TPLP 8.79 Increased By ▲ 0.13 (1.5%)
TREET 16.84 Decreased By ▼ -0.82 (-4.64%)
TRG 62.74 Increased By ▲ 4.12 (7.03%)
UNITY 28.20 Increased By ▲ 1.34 (4.99%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 10,086 Increased By 85.5 (0.85%)
BR30 31,170 Increased By 168.1 (0.54%)
KSE100 94,764 Increased By 571.8 (0.61%)
KSE30 29,410 Increased By 209 (0.72%)

Lawmakers in the small Belgian region of Wallonia on Friday voted to block an EU-Canada free trade deal, a move which could seriously complicate future talks with the US and a non-EU Britain. The parliament vote in the French-speaking part of southern Belgium threatens to derail the long-delayed signing by Canadian Prime Minister Justin Trudeau of the pact, known as CETA, in Brussels later this month.
"I will not give powers to the federal government and Belgium will not sign CETA on October 18," Paul Magnette, the socialist head of the Wallonia government, told an emergency session of the regional parliament. "I do not intend this as a burial but as a demand to reopen negotiations," said Magnette, who is under huge international pressure to reverse his position. In a largely expected vote outcome, 46 MPs in the economically depressed area voted to reject the trade deal, with 16 against the motion and one abstention.
Linguistically-divided Belgium's seven different parliaments must first give the federal government power of signature for Belgium to give its official approval, under the country's complex political system. In order to be signed by Trudeau at the EU-Canada summit on October 27, the deal must first be backed by all 28 EU member states at a trade ministers' meeting on Tuesday. "I am worried about the future of Europe; why add another crisis?" said Belgian Foreign Minister Didier Reynders, who still hopes to approve the deal on Tuesday.
Trudeau on Wednesday said he was running out of patience after two years of delays and warned that killing the deal would send "a very clear message... that Europe is not productive". Poorer, industrial Wallonia has grown increasingly protectionist in stark contrast to richer, Dutch-speaking Flanders in the north, which eagerly embraces globalisation.
Belgium's complex political system includes a federal parliament, parliaments for the three regions of Flanders, Wallonia and Brussels-capital, and legislatures for Belgium's Flemish, French and German-speaking communities. Magnette was due in Paris later in the day for talks with French President Francois Hollande, the EU's most powerful socialist leader and who backs the deal. Belgium's federal and Flanders' parliaments have already indicated that they will back the accord.
"It's incomprehensible," said Geert Bourgeois, head of the Flanders region, told Belga news agency. The Wallonia government "stands isolated on the European and international scene," he said. Activists charge that the Canada deal will set a dangerous precedent and open the way for a similar but far more ambitious agreement with the United States, the Transatlantic Trade and Investment Partnership (TTIP).
TTIP has already run into trouble, with the EU saying it will not be agreed before President Barack Obama leaves office in January, as was initially planned. "This parliament truly defends its citizens, not the interests of lobbyists and corporations," said Vincent De Brouwer of Greenpeace Belgium. "It is now up to the European institutions to listen to this signal and bury these dangerous treaties," he added.
The problems getting the Canada deal through Belgium's political maze is also a trial run for the even more controversial negotiations over Britain's exit from the EU. Whatever deal is reached for Brexit after two years of negotiations, expected to start in March, must also be passed by all EU parliaments - including Belgium's seven.

Copyright Agence France-Presse, 2016

Comments

Comments are closed.