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 Protectionist Clouds Resurface With Failing Canada-EU Trade Pact

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Protectionist Clouds Resurface With Failing Canada-EU Trade Pact Vide
PostSubject: Protectionist Clouds Resurface With Failing Canada-EU Trade Pact   Protectionist Clouds Resurface With Failing Canada-EU Trade Pact Icon_minitimeSun Oct 23, 2016 8:48 pm
Faltering negotations bodes ill for other global trade deals
Setback marks ‘a huge embarrassment for the European Union’


The possible collapse of a free-trade agreement between the European Union and Canada is the latest sign of how rising protectionism is imperiling free trade.

As policy makers and analysts try to make sense of Brexit, the rise of Donald Trump and a growing tide of populism, some say faltering talks between the EU and Canada raises questions about how other deals can possibly be clinched.

The Europeans are holding similar, less-advanced talks with the U.S. about a free trade pact and are beginning negotiations with the UK over Brexit. The U.S. and Canada, meanwhile, are among the 12 nations working toward the Trans Pacific Partnership.

“We’ve been bending over backwards trying to accommodate the new pockets of new nationalism, socialism, anti-globalism,” Jeremy Kinsman, a former Canadian ambassador to the EU, said Friday in an interview with Bloomberg TV Canada.

http://www.bloomberg.com/news/articles/2016-10-23/protectionist-clouds-resurface-with-failing-canada-eu-trade-pact
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