18. July 2016
Stronger ties between Bavaria and Québec with CETA
Free trade agreements are essential for opening new markets and creating jobs. The Comprehensive Economic and Trade Agreement (CETA) between Canada and the European Union is one of the most ambitious trade initiatives ever. It promises to improve business opportunites and create a level playing field for Bavarian and German companies in Canada.
However, the signing of CETA is currently being delayed by the European Commission’s decision to require all national parliaments and some regional parliaments in the EU to approve the trade deal as well.
To urge for a prompt ratification of CETA – and to emphasize Bavaria’s strong relations with Québec and Canada – the Bavarian Industry Association (vbw) welcomed Philippe Couillard, the Prime Minister of Québec, to an event in Munich on July 13, 2016. Prime Minister Couillard was accompanied by a business delegation from Québec.
Bertram Brossardt, the vbw’s Chief Executive Officer, emphasized that Bavarian companies need greater access to Canada’s market. He said that Canada is one of the largest economies in the world, featuring an advanced infrastructure, attractive energy prices and excellent opportunities for investment. By removing tariffs and facilitating the mutual recognition of standards and regulations, CETA could significantly strengthen the economic relations between Bavaria and Canada and in particular its partner region Québec.
Brossardt said that a failure to sign CETA would be a heavy setback for the EU – in particular in light of the United Kingdom’s decision to leave the EU and the growing dissatisfaction with the EU across Europe.
The call for a prompt ratification of CETA was echoed by Prime Minister Couillard who underscored the excellent partnership between Québec and Bavaria. He said that CETA is a historic agreement which would benefit businesses, workers and families in both the EU and Canada.