The adoption of CETA promotes the interests of global corporations

 

After a heated debate, today the European Parliament approved of the EU-Canada free trade deal (CETA). Certain parts will enter into force even before the Member States ratify the agreement.

Jobbik MEPs rejected the deal because it endangers the Union’s environmental and food safety norms, labour achievements as well as the sustainable European agriculture, while the institution of a multilateral investment protection court curbs the sovereignty of Member States. When talking about CETA’s benefits, it is typically mentioned that the EU’s small and medium enterprises will have Canadian business opportunities. However, the reality is that 87 per cent of European small and medium enterprises work for the domestic market; they are not going to enter the Canadian market. Instead, Canada’s capital-intensive enterprises will use their dominant position to gain grounds in the EU market. Meanwhile, US-based enterprises will enter Europe’s market through their Canadian subsidiaries, enjoying the benefits provided by the CETA.

The EP’s website proudly announces that “the 751 members of the European Parliament represent you, the citizens.” It is a shame that the majority of this Parliament, led by the European People’s Party, approved of this agreement which promotes the interests of global corporations.

 

Zoltán Balczó, head of Jobbik's EP delegation