What Are The Pros And Cons Of Canada

In the seven years that took for CETA to be finalized, the EU and Canada were weighting the pros and cons of this agreement; what was really at stake, what could it mean for jobs, to consumers, to the overall economy? The Canadians were divided between some citizens thinking this is an excellent and essential agreement with great potential that would benefit Canada since one third of the economic activity is related to exports and one out of five jobs is linked directly to trade. Therefore, it would give Canada access to a bigger market with goods and services, and the opportunity to be equal with international laws as the rest of the world. It would push Canadian companies to work harder dealing with greater competition. All the goods imported

They argued that the rich and powerful Canadian and European corporations will gain control of the profit in Canada. Their top main concerns were that CETA will threaten Canadian public services by privatizing and then deregulating many of their public services such as municipal water systems, electrical utilities and more. Also, as it was mentioned the domestic selling and profits are in danger because of the competition. The water services are going to be negotiated to be traded in CETA, thus, EU companies can benefit from such a necessity. Nonetheless, the access and privatization in health care services, the investments made that may have a bad impact in the environment by emitting pollution and CO2 emissions. The fear of different GMO (Genetically Modified Organism) being introduced, therefore endangering local farmers hard work in producing better quality and healthier foods by big corporations seizing their work. The loss of cultural identity with the removal of restrictions which were 47 percent for foreign investors in communication networks. The threats on quality jobs that are paid well and labor rights from the competition. In the end the main concern, which was also an issue with NAFTA’s Chapter 11, which allowed transnational companies to sue the government of Canada in this case over policies and

The EU consumers will have access to more products with “lower” prices hence the trade agreement that will be regulated by no exceptions by EU standards, rules and regulations. It is estimated that CETA will save EU exporters 470 million Euro per year for industrial goods and 42 million Euro per year for agricultural goods. The EU firms that invest in Canada can protect their rights if there should arise an obstacle through an adjusted and compelling dispute settlement system. Therefore, EU experts can visit Canada to explain and provide information related to their firm’s export, for example: machines, equipment and software. The playing field will be fair since EU companies can attend Canadian public tenders for federal level in provinces and municipalities. The protection of property rights, patents, copyrights will be arranged with EU rules. (Hübner, Deman, Balik