BRUSSELS: Belgium announced a breakthrough on Thursday to save a landmark EU-Canada free trade deal by winning over domestic holdouts who threatened to torpedo the agreement and further damage Europe’s international credibility.

News of the intra-Belgian agreement came too late for EU leaders and Canadian Prime Minister Justin Trudeau to go ahead with a signing ceremony in Brussels on Thursday.

“This is an important agreement that is on the table,” Prime Minister Charles Michel told a press conference after marathon talks to win over Belgium’s fractious French-speaking communities.

Under complex constitutional arrangements, Michel needed all of Belgium’s regional governments to back the deal before he could sign up. In turn, the accord requires all 28 EU members for approval.

Confirmation of the agreement came swiftly from Paul Magnette, head of the southern French-speaking Wallonia region who has led objections to the Comprehensive Economic Trade Agreement (CETA).

Canada’s Foreign Minister Stephane Dion hailed the move to break the logjam.

“If it materialises, it’s excellent news,” he said during a visit to Paris, adding he was “cautiously optimistic”.

Donald Tusk, president of the European Council, hailed the “good news” as he tweeted that he would contact Trudeau “once all procedures are finalised for EU signing CETA.” Tusk had hoped until Wednesday morning for a signing summit but it proved impossible as the talks dragged on. A European source said there was no new date set yet. The accord must meanwhile be vetted by the remaining 27 EU member states and institutions, as well as by the Wallon and other regional governments who, Michel said, have pledged to give their answer before midnight on Friday.

Published in Dawn, October 28th, 2016

Opinion

Budgeting without people

Budgeting without people

Even though the economy is a critical issue, discussions about it involve a select few who are not really interested in communicating with the people.

Editorial

Iranian tragedy
Updated 21 May, 2024

Iranian tragedy

Due to Iran’s regional and geopolitical influence, the world will be watching the power transition carefully.
Circular debt woes
21 May, 2024

Circular debt woes

THE alleged corruption and ineptitude of the country’s power bureaucracy is proving very costly. New official data...
Reproductive health
21 May, 2024

Reproductive health

IT is naïve to imagine that reproductive healthcare counts in Pakistan, where women from low-income groups and ...
Wheat price crash
Updated 20 May, 2024

Wheat price crash

What the government has done to Punjab’s smallholder wheat growers by staying out of the market amid crashing prices is deplorable.
Afghan corruption
20 May, 2024

Afghan corruption

AMONGST the reasons that the Afghan Taliban marched into Kabul in August 2021 without any resistance to speak of ...
Volleyball triumph
20 May, 2024

Volleyball triumph

IN the last week, while Pakistan’s cricket team savoured a come-from-behind T20 series victory against Ireland,...