Sunday 25 June 2017

CETA

The Canadian Free Trade Agreement known as CETA is almost certainly the template the EU will propose for our future relationship - assuming we don't actually opt to remain in. The title is a give-way since the C in CETA does not refer to Canada but to the word Comprehensive. The full title is Comprehensive Economic and Trade Agreement so it seems to be exactly what we're looking for. But I am not sure it will give the Brexiteers what they dream of. 


For example in the Joint Interpretive Instrument (JIT) a sort of covering letter summarising CETA, they say this:

CETA will also not lower our respective standards and regulations related to food safety, product safety, consumer protection, health, environment or labour protection. Imported goods, service suppliers and investors must continue to respect domestic requirements, including rules and regulations. The European Union and its Member States and Canada reaffirm the commitments with respect to precaution that they have undertaken in international agreements.

In other words, they are not going to allow Canada to lower their standards and regulations with respect to great areas of public policy so it is hard to see them allowing us to become a low regulation, low tax economy on their doorstep. And the commitments to "precaution" is what John Longworth was referring to (HERE) in connection with the Clinical Trials Directive calling them, "ridiculous restrictions that prevent research into life-saving procedures and drugs, including the EU’s anti-progress, anti-science, anti-technology “precautionary principle

Any FTA that the Brexiteers will agree to will take years and years.