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One year of CETA: a positive balance for Italy, CSIC Director says

September 21, 2018

After one year of the (provisional) entry into force of CETA, the economic and trade agreement between Canada and the European Union, the results are positive and the risks are avoided. The agreement, which activated a series of measures to facilitate trade, has produced trade growth and realized the advantages that wanted to achieve at the beginning of the negotiations.

In 2017, the European Union was the 3rd largest supplier in Canada, with an 11% share of imports, and Italy the 8th supplier in Canada (worldwide), registering an increase of + 8% compared to the previous year.

The desired ratification of the Agreement will therefore be able to bring benefits. But what may happen in case of a non-ratification?
Omitting for a moment the analysis of the complex scenario that would occur (with all the uncertainties on the procedures to be adopted, their existence and the wounds inside the Union), the relations between Italy and Canada, have always been excellent, could deteriorate irremediable, negatively involving also those sectors in which the relationships are consolidated and advantageous.

“Italy has given a lot to Canada, Canada did the same with Italy. - declares the Director of the Centro Studi Italia-Canada Avv. Paolo Quattrocchi - What we still cannot understand is how this friendship should be interrupted or nullified by an inexplicable behavior, which takes us away from a historical relationship that has brought growth and can bring further development in the sectors of economy and commerce, but also in social, environmental, cultural, political, and strategic in general.”

“It is in fact - concludes Mr Quattrocchi - thanks to the strategic partnership agreement, premise and completion of CETA, that these objectives of epochal relevance can be achieved for the collective well-being and for the construction of a balance point between the great of the planet, guarantee of peace and development. But nobody talks about theAfter one year of the (provisional) entry into force of CETA, the economic and trade agreement between Canada and the European Union, the results are positive and the risks are avoided. The agreement, which activated a series of measures to facilitate trade, has produced trade growth and realized the advantages that wanted to achieve at the beginning of the negotiations.

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