Business Report: The trade agreement between Canada and Europe - Hawaii News Now - KGMB and KHNL

Business Report: The trade agreement between Canada and Europe

HONOLULU (HawaiiNewsNow) -

A trade agreement between Canada and the European Community is all ready to be signed, but it hasn't been signed. It hasn't even been approved. So what's the holdup?

The holdup is just one small European country. In fact, it's only HALF a country. The country is Belgium, located between France and the Netherlands.
Of 11 million Belgians, 59% are Dutch-speaking, the Flemish. The rest are the French-speaking Walloons. The Walloons, mostly in the south, used to be the richer of the two, with lots of industry. Their factories are in decline, while the Flemish towns are now on top with tech businesses.

The Walloons are vetoing any agreement, forcing the Belgians to do the same. Their fear is that Canadian products will hurt their local factories even more. All politics is local - and apparently all trade.

Copyright 2016.  Hawaii News Now.  All Rights Reserved.

Powered by Frankly