Germany to nix Canada-EU free trade deal

Business | 206439 hits | Jul 28 8:09 am | Posted by: DrCaleb

Germany is to reject a multi-billion-dollar free trade deal between the European Union and Canada which is widely seen as a template for a bigger agreement with the United States, a leading German paper reported on Saturday.

Comments

by DrCaleb
Tue Jul 29, 2014 2:09 pm
They saw how a similar clause in NAFTA meant to keep the Mexican government from nationalizing business, and how it's been turned around and used against the Canadian Government by US Business; and decided it's not for them. I say, smart idea.
by andyt
Tue Jul 29, 2014 2:12 pm
This story has now been denied by both Germany and Canada.

But yes, can't blame the Germans. It's not us they are worried about, but when they close a trade agreement with the US. What I've never understood is why this only goes one way, why Canadian firms aren't suing the US.
by DrCaleb
Tue Jul 29, 2014 2:31 pm
Because if they are likely to win the lawsuit, Harper will immediately surrender and offer billions in compensation.

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