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World

Trudeau left hanging as Belgium blocks CETA

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Opening sequence

World

Trudeau left hanging as Belgium blocks CETA

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COMING UP:Trudeau left hanging as Belgium blocks CETA

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00:00:01
>> A key international trade deal blocked by this small but stubborn region in southern Belgium. The country's Prime Minister, Charles Michel, delivering the embarrassing news on Monday. Authorities in Wallonia have given SETA the red light. It's an EU Canada free-trade deal that's been in the pipeline for seven years.
00:00:21
And it would be the bloc's first trade accord with a G-7 country. The other 27 EU governments are all on board and Reuters' Phil Blenkinsop says everything had already been arranged to sign it on Thursday.>> The EU has set for Thursday, or had set for Thursday, an EU-Canada summit.
00:00:40
At which the CETA deal was to be signed in the presence of Canadian Prime Minister Justin Trudeau. Well, Wallonia is a region of 3.5 million people. That's less than 1% of the potentially 500 million plus consumers that would be impacted by the CETA deal.>> Music to the ears of protesters outside.
00:01:03
NOISE] T
ey say the deal could be used to dictate government policy. Supporters say the deal is a gold standard. A solid plan with a like minded partner. Which begs the question, of what happens next? This could deliver a huge blow to the EU producing future deals with countries such as the US or Japan.
00:01:23
The Walloon Government now say they need more time to deliberate. So it is possible that a deal is reached in the next month or two. In the meantime, the EU's been left with an expensive diplomatic embarrassment as Trudeau rejiggles his calendar.