Italy won't ratify EU free-trade deal with Canada - deputy PM
Reuters
Published Jul 13, 2018 10:49
Updated Jul 13, 2018 11:00
Italy won't ratify EU free-trade deal with Canada - deputy PM
ROME (Reuters) - Italy will not ratify the European Union's free trade agreement with Canada, deputy Prime Minister Luigi Di Maio said on Friday, ratcheting up an international trade spat and potentially scuppering the EU's biggest accord in years.
"Soon CETA (the Comprehensive Economic and Trade Agreement) will arrive in parliament and this majority will reject it and it will not ratify it," Di Maio said at a farmers' association gathering in Rome.
"If so much as one Italian official ... continues to defend treaties like CETA they will be removed," added Di Maio, who leads the anti-establishment 5-Star Movement which governs with the right-wing League.
The CETA accord needs to be approved by all 28 EU member states in order for it to take effect.
(reporting by Alberto Sisto, writing by Gavin Jones)
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.