European trade policy has been thrown into disarray after Belgium’s government said it could not overcome objections in a regional parliament to an EU-Canada trade deal, despite weeks of talks to rescue the agreement.
The so-called Ceta pact is on the brink of collapse because of anti-globalisation objections in Wallonia, the French-speaking region of 3.5m people located a short drive from Brussels.
Analysts say the power of a small region in one EU nation to frustrate a deal agreed on behalf of the bloc’s 500m people bodes ill for looming trade talks between the EU and a post-Brexit UK.
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