The end of trade policies
The Commission’s absurd waiving of its exclusive competence over the trade agreement with Canada shifts the power axis towards nation states.
- Monday, 31 October 2016
On the evening of 28 June, European Commission President Jean-Claude Juncker informed the international media through
a spokesperson that after years of negotiations a free trade deal had been struck with Canada and would be ratified according to standard EU procedure which grants its institutions exclusive competence over trade matters. Just one week later, however, the European Commission announced a remarkablen U-turn.
Surrendering to pressure from a number of member states headed by Germany, the European executive body decided that the parliaments of Europe’s 28 countries would also be called upon to approve the agreement, which entails the risk that the powerful protectionist tendencies in various EU states may stand its way.