Trade Agreement Between Canada And Germany

Geschrieben am Dienstag, April 13, 2021 | Kommentare: 0

On 26 March 2014, Federal Economy Minister Sigmar Gabriel wrote an open letter to EU Trade Commissioner Karel De Gucht, in which he said that investment protection was a central sensitive issue that could ultimately decide whether a transatlantic free trade agreement would be approved by Germany. He also noted that there was no need for investment arbitration procedures between countries with well-developed legal systems. The intra-Belgian disagreement was resolved in the last days of October and paved the way for CETA to be signed. On 28 October, the Belgian regional parliaments authorized full jurisdiction to the federal government and the following day Foreign Minister Didier Reynders signed his signature on behalf of Belgium. [60] [61] The following day, Sunday 30 October 2016, the treaty was signed by Canadian Prime Minister Justin Trudeau, European Council President Donald Tusk, European Commission President Jean-Claude Juncker and Slovakia`s Prime Minister Robert Fico (Slovakia chaired the Council of the European Union in the second half of 2016). [62] Trade between Germany and Canada (including travel and tourism) was approximately $6 billion in 2019. Altmaier said: „The EU-Japan Economic Partnership Agreement is an important signal for free and fair trade.“ Negotiations for a free trade agreement between the EU and several ASEAN countries (the association of Southeast Asian nations) are of economic importance to Germany. The ASEAN region is experiencing dynamic growth and there is great potential for economic cooperation with Europe. The EU is currently negotiating with some ASEAN members, while initial negotiations with the whole region have not yielded concrete results. There are also cooperations between the Canadian provinces and the German states, such as Alberta with Saxony, Hamburg with Manitoba, Ontario with Baden-Wuerttemberg and Quebec with Bavaria, Saxony and Brandenburg. Ontario has an office at the Consulate in Munich, Quebec offices in Berlin and Munich.

The EU is New Zealand`s second largest trading partner. In 2019, the volume of trade amounted to more than 9 billion euros. Agricultural products account for the largest share of New Zealand`s exports to the EU, while the EU mainly exports finished and industrial products to New Zealand. In 2019, Germany`s trade surplus with New Zealand amounted to 2.7 billion euros and EU companies accounted for more than 10 billion euros of foreign direct investment in New Zealand.

Comments are closed for this entry.

Laut DSGVO müssen wir Dich über die Verwendung von Cookies informieren. Durch Deinen Besuch stimmst Du dem zu.