Wallonia caved, and in response to language that changes nothing about the deal, has authorized the Belgian government to sign off on the Comprehensive Economic and Trade Agreement (CETA) with Canada, including its irreversible privitization and ISDS provisions:
European Union leaders have expressed hope of signing a trade deal with Canada after Belgian politicians overcame differences that had been blocking the treaty.
The Belgian prime minister, Charles Michel, confirmed that leaders of five regional parliaments had reached an agreement with the federal government shortly after midday on Thursday. He tweeted:
The Belgian compromise – a four-page text that sits alongside the 1,600-page treaty – was approved by ambassadors from 28 EU member states on Thursday afternoon. Belgium’s regional parliaments are expected to endorse the text on Friday, paving the way for the deal to come into force on a temporary basis.
Expect to see higher drug prices, the end to the precautionary principle, the gutting of safety, employment, and environmental protections, and a growth in the most parasitic parts of the financial industry as a result.