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CETA is a TTIP in Disguise': The Canada-EU Trade Deal is a US Hegemonic Project

• globalresearch.ca By Prof Michel Chossudovsky

The region's President-Minister said he would not support the Comprehensive Economic and Trade Agreement or CETA by the Friday deadline.

The deal has to be ratified by all EU's 28 member states. However, Belgium cannot sign the agreement without the consent of its regional parliaments.

Radio Sputnik discussed the CETA agreement with Michel Chossudovsky Professor of Economics at the University of Ottawa, Founder and Director of the Centre for Research on Globalization.

"This is not a bilateral agreement between Canada and the EU. It is a […] mechanism for the integration of NAFTA and the European Union into what might be called the North Atlantic trade and investment organization which would literally integrate North America and the European Union from the point of view of trade and investment," Chossudovsky told Sputnik.

CETA is said to offer better business opportunities for EU firms in Canada and create more jobs. However opponents of the deal say that CETA as well as TTIP, which is another trade deal that EU is negotiating with the US, will lower the bloc's food, health and safety standards, while at the same time allow American and Canadian corporations to sue EU governments for alleged discriminatory practices under ISDS or Investor dispute settlement.


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