SUBSCRIBERS

Belgium given Monday deadline to back Canada trade deal

Summit to sign pact will be called off, warns EU, if opposition to it is not overcome by then

Published Sun, Oct 23, 2016 · 09:50 PM

Brussels

THE European Union (EU) has given Belgium until late on Monday to overcome opposition to a free trade deal with Canada from its French-speaking region or a summit to sign the pact that could boost both economies is off, EU sources said on Sunday.

EU trade negotiators are rushing to assuage the Walloon government's concerns before the Monday deadline set by Canadian Prime Minister Justin Trudeau to decide whether to fly to Brussels, according sources familiar with the matter.

Canada says it is ready to sign the pact as planned on Thursday and year-long negotiations were over, with trade minister Chrystia Freeland saying "the ball is in the EU court". All 28 EU governments support the Comprehensive Economic and Trade Agreement (CETA), but Belgium cannot give assent without backing from its five sub-federal ad…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

International

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here