EU Canada Trade Deal Back on Track After Belgium Reaches Consensus

Belgian political leaders have reached a consensus in support of the Ceta trade deal between the EU and Canada, Prime Minister Charles Michel has said.

He said an agreement had been found at the latest round of negotiations with Belgium’s French-speaking communities who had been holding up the deal.

A signing ceremony on Thursday was cancelled after the region of Wallonia vetoed the agreement.
A Belgian deal would still have to be approved by the other 27 EU members.

Under Belgium’s federal system, the national government cannot sign the deal unless all six regional parliaments approve it.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza