Discussion about CETA
CETA is an important component of a global economic order for the 21st century
CETA as a blueprint for modern rules of free trade agreements++ Improved access to an interesting market ++ Regulatory cooperation contributes to better protection of humans and environment.
In the ongoing debate, the German chemical industry association Verband der Chemischen Industrie (VCI) emphasizes the significance to a modern trade policy of the Comprehensive Economic and Trade Agreement (CETA) between Canada and the European Union. VCI director-general Utz Tillmann: “CETA can serve as a blueprint for modern rules of free trade agreements. We see it as an important component of a global economic order for the 21st century.” He adds: “As the balance of powers is shifting fast in global trading, it is important for the EU to turn out a reliable partner with the ability to act in all aspects connected with CETA.”
From the chemical industry’s perspective, CETA opens up improved access to an important sales and raw materials market. Canada is a country with many natural resources. The Canadian population of over 30 million has a high level of education and training and a strong purchasing power. Tillmann: “We are convinced that CETA brings advantages for consumers, workforce and companies in Europe. The agreement will facilitate economic exchange and thus increase competitiveness overall.”
The VCI also welcomes that one chapter is dedicated specifically to regulatory cooperation, with a view to setting up a Regulatory Cooperation Forum for a voluntary exchange of experiences and relevant information among regulators. Tillmann: “A strong and intensive exchange in regulatory matters will bring better protection for humans, health, animals and plants. The basic philosophy of both partners is a better protection of the environment altogether.” At the same time, the VCI-director general appreciates that the forum has no decision-making power, noting that the regulatory autonomy of the respective governments is not affected.
The VCI also underlines that CETA neither puts into question nor impairs the application of the precautionary principle in Europe. Tillmann: “The parties to the agreement reserve the right to take precautionary measures. A mutual recognition of standards within regulatory cooperation is an option only where the protection standards are comparable in the achievability of the protection goal. By no means are protection standards to be lowered.
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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: firstname.lastname@example.org
Please note: VCI news about the chemical industry is also available via Twitter: http://twitter.com/chemieverband