Canada and EU Free Trade - No Benefit for Us

A free trade deal between Canada and the European Union would cost tens of thousands 

of workers their jobs, according to a new study.

Three simulations to see what a Canada-EU free trade deal would mean to the Canadian 

economy, and in every case Canada's bilateral trade deficit with the EU would worsen.

Free trade deals between countries only help the wealthy . This has been proven time and 

again - especially NAFTA . It becomes a race to the bottom to see which corporations can 

get the best tax break .

In the best-case scenario — one in which tariffs are mutually eliminated that could 

foresees the loss of 28,000 Canadian jobs.

In the worst-case simulation — one in which tariff elimination takes place along with a 

further appreciation of the Canadian dollar versus the euro — the job losses could top 

150,000.

Canada has already signed bilateral free trade deals with the U.S., Mexico, Costa Rica, 

Colombia, Chile, Israel, Peru, Jordan, Panama and with the European Free Trade 

Association states of Iceland, Liechtenstein, Norway and Switzerland.

Free trade is all about bottom line profits for Big Global Corporations - not about what's 

best for the government, the country or the people who actually pay for their daily 

livelihood. We still suffer from tariffs that are huge cost increases when you go to buy 

something that's imported from a so called free trade agreement.