CETA Vote in European Parliament

Clear commitment to openness and against isolation

The German chemical industry association VCI calls the European Parliament’s vote in favour ot the CETA agreement with Canada a major signal for free trade. VCI President Kurt Bock is convinced that both people in Europe and Canada will benefit from the agreement. CETA includes a guarantee for the regulatory sovereignty of nations and fully maintains the European protection standards for humans and environment.

VCI President Kurt Bock: “With CETA both the EU and Canada make a clear commitment to openness and against isolation. This is a major signal for free trade.” - Photo: © VCI / René Spalek
VCI President Kurt Bock: “With CETA both the EU and Canada make a clear commitment to openness and against isolation. This is a major signal for free trade.” - Photo: © VCI / René Spalek

The German chemical industry association Verband der Chemischen Industrie (VCI) welcomes the European Parliament’s vote in favour of the EU-Canada Comprehensive and Economic Trade Agreement (CETA). VCI President Kurt Bock: “With CETA both the EU and Canada make a clear commitment to openness and against isolation. This is a major signal for free trade.” Bock continues: “With a rapid entry into force of CETA, the European Union could show that the EU is a reliable trading partner who is capable to act and gives great importance to a fair balancing of interests and transparency. The agreement will benefit the people in Europe and Canada.” Next, German Parliament is called upon to ratify CETA without delay.

CETA strengthens the partnership between the EU and Canada; this partnership is important politically, economically and strategically. Tariff-free access to an interesting sales market and a huge number of resources for all of Europe*s industry is highly significant, so the VCI.

From the perspective of the chemical-pharmaceutical industry, CETA points the way for future agreements. Proposals for improvements from a wide range of different interest groups have been incorporated in CETA. Furthermore, CETA includes a guarantee for the regulatory sovereignty of nations (“right to regulate”) and fully maintains the European protection standards for humans and environment.


The VCI represents the politico-economic interests of around 1,700 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 2016 the German chemical industry realised sales of around 183 billion euros and employed 446,000 staff.

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

Please note: VCI news about the chemical industry is also available via Twitter: http://twitter.com/chemieverband

For questions or suggestions, please feel free to contact us.

Contacts

Jürgen Udwari

E-Mail: udwari@vci.de