German Court Gives Backing to EU-Canada Trade Deal

Germany’s Constitutional Court gave the green light on Thursday for the government to approve an ambitious trade accord between the EU and Canada under certain conditions, boosting its chances of going through in a vote next week.

The court in Karlsruhe rejected emergency appeals by activists to prevent the government from backing the Comprehensive Economic and Trade Agreement (CETA) before it has been ratified by national parliaments.

Reuters

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.