Belgian politicians have reached a compromise and agreed to support the free trade deal between European Union and Canada.

Prime Minister Charles Michel said the last round of negotiations with Belgium’s French-speaking communities had resulted in support for the Comprehensive Economic and Trade Agreement (CETA).

Under the Belgian constitution, each of the six regional parliaments must approve international agreements before they can be approved by the federal government.

On Thursday, a signing ceremony for the agreement had to be called off after the socialist Wallonia region vetoed the deal over labour safeguards and environmental and consumer standards.

The Belgian deal must now be approved by all 27 EU member states before a new signing ceremony can be organised.

CETA took seven years to negotiate and is considered the EU’s most ambitious free trade deal.

The lengthy negotiations have raised concerns about whether politicians would be able to strike a Brexit trade deal between the UK and EU in the two years after Article 50 is triggered.



Comments are closed.