Is the CETA agreement a remedy for the crisis of the European Union? Cover Image

Porozumienie CETA lekarstwem na kryzys Unii Europejskiej?
Is the CETA agreement a remedy for the crisis of the European Union?

Author(s): Magdalena Śliwińska
Subject(s): Supranational / Global Economy
Published by: Instytut Zachodni im. Zygmunta Wojciechowskiego
Keywords: CETA; UE and Canada; trade agreements

Summary/Abstract: The natural consequence of the current trends in global economy is the rise of the so called “new generation”international trade agreements (TPP, CETA, TTIP) that encompass trade liberation and a range of different areas of economic and social life variously connected with trade. The Comprehensive Economic and Trade Agreement (CETA) signed between the EU and Canada in October 2016 has caused numerous controversies both on the political and scientific level. The question of the fairness of signing the CETA is not only about whether the EU as an organization wants to tighten its trade and investment cooperation with Canada and the possible effects of the agreement for both parties, but it is essentially a question about whether the EU wants to take a step towards global economic integration, and if so, then does it want to take this step right now, at a time when it is facing serious problems. For these reasons the aim of this study is to draw attention to the fact that this unprecedented agreement with a highly developed third state deeply interferes in the economic, political and social life of both parties and was negotiated and signed by the European Union in an unprecedented way amid its most challenging and complex crisis so far. The above mentioned unprecedented and complex character of both phenomena is crucial because it is impossible to assess the effects of the implementation of the agreement or to estimate whether it will contribute to overcoming or deepening the crisis within the EU. CETA is therefore a major practical problem with implications for millions of EU citizens, but also a scientific problem as it represents the dilemma of contemporary economics - who and under what circumstances benefits from trade liberalization and economic integration.

  • Issue Year: 363/2017
  • Issue No: 02
  • Page Range: 219-232
  • Page Count: 14
  • Language: English, Polish