CETA is definitely another huge nail in the coffin of European democracy. This has been a deal written by, and with, big business. You can see it in who’s coming out. SMEs [small and medium-sized enterprises] have said, “We’re not in favor of CETA or TTIP.” Those who are cheerleading it are those very same big businesses so you have more rights being handed over to big business, you have their investors being protected, and ultimately what we’re seeing is the profits of the biggest businesses being put before the interests of European citizens and those across Europe who actually want to have a decent quality of life.
The Comprehensive Economic & Trade Agreement (CETA) will allow the economy to be run by big corporations. And the protesters of the deal - who have solid arguments - have not been heard, says Lode Vanoost, a former Deputy Speaker of the Belgian Parliament.
Protesters have attempted to storm the EU headquarters in Brussels in a bid to stop the signing of the controversial EU- Canada trade deal.
Canadian Prime Minister Justin Trudeau and European leaders inked the landmark trade pact despite the unrest outside.
The Comprehensive Economic and Trade Agreement (CETA) was expected to be signed earlier this month, but a Belgian region used its veto power to block the deal. And it was only on Friday they changed course and gave it the green light.
Supporters claim it will create business opportunities for EU firms in Canada and vice-versa. The deal also aims to create new jobs in Europe.
However, opponents say that it will damage consumer and workers' rights. They also think it will allow multinationals to push small companies out of business.