AGL 38.00 No Change ▼ 0.00 (0%)
AIRLINK 213.91 Increased By ▲ 3.53 (1.68%)
BOP 9.42 Decreased By ▼ -0.06 (-0.63%)
CNERGY 6.29 Decreased By ▼ -0.19 (-2.93%)
DCL 8.77 Decreased By ▼ -0.19 (-2.12%)
DFML 42.21 Increased By ▲ 3.84 (10.01%)
DGKC 94.12 Decreased By ▼ -2.80 (-2.89%)
FCCL 35.19 Decreased By ▼ -1.21 (-3.32%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 16.39 Increased By ▲ 1.44 (9.63%)
HUBC 126.90 Decreased By ▼ -3.79 (-2.9%)
HUMNL 13.37 Increased By ▲ 0.08 (0.6%)
KEL 5.31 Decreased By ▼ -0.19 (-3.45%)
KOSM 6.94 Increased By ▲ 0.01 (0.14%)
MLCF 42.98 Decreased By ▼ -1.80 (-4.02%)
NBP 58.85 Decreased By ▼ -0.22 (-0.37%)
OGDC 219.42 Decreased By ▼ -10.71 (-4.65%)
PAEL 39.16 Decreased By ▼ -0.13 (-0.33%)
PIBTL 8.18 Decreased By ▼ -0.13 (-1.56%)
PPL 191.66 Decreased By ▼ -8.69 (-4.34%)
PRL 37.92 Decreased By ▼ -0.96 (-2.47%)
PTC 26.34 Decreased By ▼ -0.54 (-2.01%)
SEARL 104.00 Increased By ▲ 0.37 (0.36%)
TELE 8.39 Decreased By ▼ -0.06 (-0.71%)
TOMCL 34.75 Decreased By ▼ -0.50 (-1.42%)
TPLP 12.88 Decreased By ▼ -0.64 (-4.73%)
TREET 25.34 Increased By ▲ 0.33 (1.32%)
TRG 70.45 Increased By ▲ 6.33 (9.87%)
UNITY 33.39 Decreased By ▼ -1.13 (-3.27%)
WTL 1.72 Decreased By ▼ -0.06 (-3.37%)
BR100 11,881 Decreased By -216 (-1.79%)
BR30 36,807 Decreased By -908.3 (-2.41%)
KSE100 110,423 Decreased By -1991.5 (-1.77%)
KSE30 34,778 Decreased By -730.1 (-2.06%)

Tens of thousands of people protested in European cities on Saturday against planned free trade deals with the United States and Canada they say would undermine democracy and lower food safety, environmental and labour standards. Organisers - an alliance of environmental groups, labour unions and opposition parties - said 320,000 people took part in rallies in seven German cities, including Berlin, Hamburg, Munich and Frankfurt. Police put the figure at around 180,000.
Smaller protests were also planned in other European cities, including Vienna and Salzburg in Austria and Gothenburg and Stockholm in Sweden. In Berlin, demonstrators waved banners reading "STOPP CETA - STOPP TTIP", another placard said "People over profits". The demonstrations are against the Transatlantic Trade and Investment Partnership (TTIP) with the United States and the Comprehensive Economic Trade Agreement (CETA) with Canada, currently being negotiated by the European Union''s executive with the respective governments across the Atlantic.
Opposition in Europe to the trade deals has risen over the past year, with critics saying the pacts would hand too much power to big multinationals at the expense of consumers and workers by establishing arbitration courts to settle disputes between companies and governments. EU Trade Commissioner Cecilia Malmstrom defended the planned trade deals and accused the opponents of deliberately heating up the debate with "horror stories and lies".
"The idea that TTIP will lower environmental standards is simply not true," Malmstrom told German daily Bild. "Also the assertion that we''ll be flooded with genetically modified food is simply wrong. Our democracy of course won''t be undermined as some seem to believe." Malmstrom said German exporters would benefit highly from the deals because they would reduce non-tariff barriers to trade. "This helps Germany and creates jobs," she added.
German Economy Minister Sigmar Gabriel, who faces crunch CETA vote on Monday by his Social Democrats (SPD), said that the trade agreements were Europe''s best chance to shape globalisation so that it served people and not only the interests of a few businesses. "If CETA fails, then we''ll not have another chance to shape globalisation in this way for decades," Gabriel told Bild am Sonntag in an interview published on Saturday.
"Europe still is the biggest trading region in the world. We should use this power." Gabriel''s SPD, junior coalition partner of Chancellor Angela Merkel''s conservative, will vote on Monday whether to back the trade deal between the EU and Canada.

Copyright Reuters, 2016

Comments

Comments are closed.