The VCI on the signing of CETA in Brussels

A groundbreaking trade agreement on the home run

German chemical industry association VCI welcomes official signing of CETA Agreement between Canada and European Union: as a ground-breaking step of global significance for trade policy ++ Agreement brings new rules for the shaping of globalisation, suitable to set a precedent for future agreements ++ Efficient way for trade agreements in the future could be to define a "European" and a "mixed" part for ratification by the players concerned.

VCI welcomes the official signing of the Comprehensive Economic and Trade Agreement (CETA) between Canada and the European Union: as a ground-breaking step of global significance for trade policy. Persons from the left: Donald Tusk, Justin Trudeau, Jean-Claude Juncker. - Photo: © European Union, 2016
VCI welcomes the official signing of the Comprehensive Economic and Trade Agreement (CETA) between Canada and the European Union: as a ground-breaking step of global significance for trade policy. Persons from the left: Donald Tusk, Justin Trudeau, Jean-Claude Juncker. - Photo: © European Union, 2016

The German chemical industry association Verband der Chemischen Industrie (VCI) welcomes the official signing of the Comprehensive Economic and Trade Agreement (CETA) between Canada and the European Union: as a ground-breaking step of global significance for trade policy. VCI director-general Utz Tillmann: “With CETA the European Union and Canada have developed a free trade agreement of a new generation. CETA not only opens up new chances of market access in Canada for the German and European chemical industry or renders imports of raw materials and inputs less costly. Overall, the agreement brings new rules for the shaping of globalisation. This will set a precedent for future agreements.”

Tillmann called upon the Council and the European Parliament to launch the ratification process without delay, so that CETA can apply on a preliminary basis as soon as possible and to enable the putting into practice of the agreed measures.

The VCI director-general also emphasized that the signing of CETA should be taken as an opportunity to do some rethinking in the European trade policy: “The trade policy is a key competency of the European Union. No regions or Member States have sole charge in this field.” The transparency of negotiations, as established by the Commission since TTIP, allows all stakeholders to make their voices heard and to bring forward their points of criticism. This includes the national and regional parliaments.

For the future, Tillmann suggests that negotiated results should be split into two agreements: a “European” one for ratification by the European institutions and a “mixed” one for ratification by all the national parliaments. Tillmann: “A split would make quite clear that Europe accounts for at least 90 percent of such agreements while less than 10 percent fall under the national competencies. This would endorse the importance of the European Parliament. With its decisions the EP assumes the responsibility for Europe’s trade agreements.”


The VCI represents the politico-economic interests of over 1,650 German chemical companies and German subsidiaries of foreign businesses. For this purpose, the VCI is in contact with politicians, public authorities, other industries, science and media.The VCI stands for over 90 percent of the chemical industry in Germany. In 2015 the German chemical industry realised sales of around 189 billion euros and employed 446,000 staff.

Contact: VCI Press Dept., Phone: +49 69 2556-1496, E-Mail: presse@vci.de

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Contacts

Stud. Ass. Manfred Ritz

E-Mail: ritz@vci.de