Friday, September 28, 2018

Canada and EU Add Climate Clause to Trade Pact

In a move that underscored Donald Trump’s isolation on trade and climate change, the two major economies inserted a reference to the Paris Agreement into Ceta.

The EU is making trade deals contingent on support for the Paris Agreement (Photo Credit: Deposit Photos) Click to Enlarge.
Canada and the EU added a climate clause to their trade deal at a high-level meeting in Montreal on Wednesday.

As EU trade commissioner Cecilia Malmström visited Canadian minister Jim Carr, they adopted an update to the Comprehensive Economic and Trade Agreement (Ceta), which entered into force last year.

The two economies agreed to “promote the mutual supportiveness of trade and climate policies”, with reference to their commitment to the Paris Agreement.

The statement fleshed out Ceta’s provisions for environmental cooperation and underscored US president Donald Trump’s isolation on trade and climate change.

Read more at Canada and EU Add Climate Clause to Trade Pact

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