Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

Wallonia leader rejects EU-Canada trade deal ultimatum

Published 2016-10-24, 07:30 a/m
© Reuters.  Wallonia leader rejects EU-Canada trade deal ultimatum

BRUSSELS, Oct 24 (Reuters) - The premier of Belgium's Wallonia region insisted ahead of a crisis meeting of regional leaders with Prime Minister Charles Michel that he would not agree to an EU-Canada trade deal under pressure.

"Every time you try to put an ultimatum it makes a calm debate and a democratic debate impossible," Paul Magnette said on arrival at the meeting in Brussels, hours before EU leaders say they will cancel this week's signing of the CETA pact unless Belgium gives its consent.

"We don't need an ultimatum," Magnette told reporters. "We will not decide anything under an ultimatum or under pressure."

Michel cannot add the consent of Belgium to that of the other 27 EU member states without backing from five regional authorities. Socialist-led Wallonia and French-speaking allies in southern Belgium are withholding that.

"We are not against a treaty with Canada," Magnette said. "But we won't have one that jeopardises social and environmental standards and the protection of public services and we want absolutely no private arbitration mechanisms."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.