EU trade pact with Canada comes into force amid GMO concerns

‘The European Union has hailed the enactment of a major trade agreement with Canada. Greenpeace has warned the deal can hurt European food standards.
“This agreement encapsulates what we want our trade policy to be – an instrument for growth that benefits European companies and citizens, but also a tool to project our values, harness globalization and shape global trade rules. This trade deal has been subject to an in-depth parliamentary scrutiny which reflects the increased interest of citizens in trade policy,” European Commission President Jean-Claude Juncker said on Wednesday.
The Comprehensive Economic and Trade Agreement (CETA) provisionally comes into force Thursday. Some aspects like investment protection will not be active until all EU member parliaments endorse them.
The deal boasts of saving EU businesses €590 million a year the amount they pay in tariffs on goods exported to Canada. CETA removes duties on 98 percent of products the EU bloc trades with Canada.
According to Greenpeace, the CETA trade deal puts EU food and agriculture standards at risk.’
Read more: EU trade pact with Canada comes into force amid GMO concerns

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