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The Final Sell Out: The Canada - European Free Trade Agreement

Updated on April 20, 2017
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There are three free trade agreements on the negotiating table but the Canada - European Free Trade Agreement (CETA) stands to have the largest impact on Canada's economy. in 2017, Canada's Parliament must make a decision to pass it or not. How should Canadian's feel about it?

Under a degree of secrecy, the deal has been negotiated with Europe since 2009 by the Harper Government. Canadians have found this to be offensive and have been suspicious of their own governments' intents in light of many negative and significant cuts to crucial and compassionate programs and services across the country in recent years.

One frame of reference, however, is to examine the results of the 27 year deal with the United States called the Canada, U.S Free Trade Agreement (FTA) and the later North American Free Trade Agreement (NAFTA) of 1994. The bottom line on this is that it initially opened the cross border doors to free trade with trade actually now bottoming out in 2014 lower than in the initial years. NAFTA is now considered to be a failure.

What these agreements did and what few financial critics seem to mention, is the high increase of foreign investment abroad and foreign investment in Canada sky rocketed. According to the graphs below, Canadian investment abroad equaled foreign investment in Canada.In a few words, the free trade investment sham was a complete wash. Canadians would have fared better to have invested those investments in their own country rather than in foreign markets.

Canada was virtually put up for sale to the highest bidders. Free trade seems now a guise for selling off Canada and her assets.Real Estate experts in Canada estimate, and there are no direct figures because no one is revealing this fact, that 35% to 55% of Canadian property both commercial and private has been purchased by foreign investors. Indeed, NAFTA has meant the selling out of this great nation- literally. Half the country is sold. Do we not wish to keep Canada in the control and ownership of Canadians? Where are the limitations and regulations to control this mass selling out of Canada by the Canadian Government? The answer is the Feds, beginning with the negotiator of NAFTA, previous Prime Minister Brian Mulroney and no Prime Minister after him has put in place protections for Canadian land and ownership.

See Graphs below.

Canada - U.S Trade Bottomed Out - Failure

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Investment Output Input Balances Out

Source

Selling out to CETA

If anything, NAFTA proves that free trade agreements are failures. Statistics clearly prove that free trade accomplishes little more than invite large no conscience low paying multi-national corporations into the country to kill small business and buy up equity in property and infrastructure that should rightly stay in the ownership of Canadian business and citizens. It is the largest wealth transfer in the history of Canada that has benefited few. Furthermore, there are very few regulations or clauses in Free Trade Agreements that restrict large multi-national corporations are challenging the Canadian Government in several law suits to even open up trade of treasured national resources such as oil and fresh water.

The problem is there is no law or regulations negotiated within the agreement, a tremendous lack of protectionism for Canada. Greater, however, is that there is also no enforcement laws built into the agreements or agencies besides a court of law. Ultimately, free trade is unregulated free reign of corporations in a foreign country and this is a privilege not even granted to Canadians who must conduct business within Canadian law, ethics, guidelines and regulations according to the Trade Commission.

With clear evidence and facts, denote that the Canadian European Trade Agreement is a dangerous agreement where Canada and Canadian citizens stand to suffer the greatest losses if this agreement is voted in. How much more can Canada stand to lose? Vote no to CETA and vote yes to investing Canadian monies in the security and sustainability of Canada. Put Canada first.


NAFTA in Perspective (3 mins)

Pressuring Politicians to Create Fair Deals

How can we stop unethical politicians from negotiating unethical trade deals?

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    • CHRIS57 profile image

      CHRIS57 2 years ago from Northern Germany

      Interesting to read that you people in Canada apparently have a choice to vote pro or contra.

      This is certainly not the case in Europe. We have no choice but to accept what EU bureaucrats have negotiated. And same with TTIP, the USA -EU treaty. Here in Europe we only have the choice to blame and vote down the European parliament - but only after things went wrong.

      On both sides of the Atlantic there is a growing uneasiness about the negotiations, about the lack of transparency, about the lack of public discussion.

      IMHO Europeans are mostly afraid of 2 issues:

      - Lowering of standards for producing agricultural products, food. Genetically manipulated food is largely objected in Europe.

      - Legal enforcement of large multinational company interests by mitigation institutions ( in other words: whatever Exxon could do in the US can be applied in Europe as well, even if local laws prohibit).