CETA Informative Essay

The Comprehensive Economic and Trade Agreement (CETA) is a free trade agreement between Canada and the European Union and is one of the largest free trade agreements ever (D’Erman, 2016). In this context, largest means that the size of Canada’s market combined with the size of the European Union single market is the largest (D’Erman, 2016). CETA was signed on October 30, 2016, by Prime Minister Trudeau, Donald Tuck, and Jean-Claude Juncker. With CETA now signed 90% to 95% is now active (Leblond, 2016). There are many people who are in favor of CETA and there are many people who reject the whole idea of CETA. From my research, I can conclude that people who tend to be in favor of CETA are center-left to center-right and people who tend to not be in favor of CETA tend to be socialists. On both sides of the argument, both people for and against make some compelling arguments as to why they believe CETA is either a good idea or a bad idea. This essay will examine both sides giving a paragraph to each side and then concluding with my opinion on the matter. CETA is good for both businesses and the people of Canada and Europe. CETA is good for businesses …show more content…
Twenty-seven member states approved the deal, but Belgium. This was because according to the laws in Belgium, all of the regional parliaments have to vote on trade deals and individually approve them before the country of Belgium can approve them. The regional parliament of Wallonia rejected CETA (De LA Baume, 2016). They did this mainly because they believed that CETA gave too much power to the corporations because they could go and sue national governments if they put heavy regulations on their good or if they banned the good all together (Telesur, 2016). Furthermore, critics believed that this agreement gave corporations the ability to influence governments and influence policies (Telesur,