EUROPEAN UNION COUNTRIES HAVE ONCE AGAIN FAILED TO REACH COMPROMISE ON THE REQUIRED CONCLUSION OF THE TRADE AGREEMENT NAMED CETA DURING THE MEETING HELD IN THE EUROPEAN UNION PARLIAMENT IN BRUSSELS.

       European Union Countries have once again failed to reach compromise on the required conclusion of the trade agreement named CETA between Canada and the European Union Countries during the meeting held Yesterday at the European Union Parliament in Brussels, despite the domestic agreement that has been reached between Belgium government and its regional and local governments for the support of the Canadian European Trade Agreement named CETA, except for the Wallonian regional government at the border region between Belgium and France that wholly objected the trade agreement between the European Union Countries and Canada, despite its significance to both Canada and the European Union Countries. The meeting held Yesterday in the European Union Parliament in Brussels for the required compromise for the conclusion of the trade agreement and its possible implementation in both Canada and the European Union Countries has unfortunately not been attended by the Canadian Minister of Commerce  Chrystia Freeland who objected to attend the second meeting, due to European Union Countries governments, particularly the regional government of the Wallonian unpreparedness for the conclusion of the trade agreement named CETA. However, Canada and the European Union Countries will continue to enjoy annual larger volume trade exchange revenues and benefits worth the sum of over sixty billion Euros between the European Union Countries and Canada, despite the current dispute over the impartial legislative rights, quality products and higher standard services among the European Union Countries and Canada respectively. Total failure of CETA would mean loses in the predicted investment and trade exchange benefits with the predicted increase in trade volume between Canada and the European Union Countries that has been estimated in the range between twenty five to thirty percent in trade volume increase and trade exchange benefits, when compared to the current amount of sixty billion Euros in trade revenues and benefits between the two trade partners, besides the limitless trade and investment opportunities in the predicted free trade zones and less custom fees between the major nations.


                                                Written by Professor Godfrey Ohia.


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