One year of CETA, the advantages for Italy

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The Centro Study Italia-Canada published today an article, in English, entitled "One year of ceta: the advantages for italy and the dispelled misgivings" by Paolo Quattrocchi, Director of the Centro Studi Italia-Canada, Equity Partner of Nctm Studio Legale, and vice-president of ICCCW and Francesca Paolucci, Coordinator of Research and Relations of the Centro Studi itself.

As reported in the article "The analysis of the updated data in July 2018 and collected from authoritative sources such as Statistics Canada and ICE-agency, confirmed the positive trend which was already disclosed in the last few months during the first 5 months of execution of the CETA (October 2017 - February 2018), with an increase in Italian exports of + 16.9%. In the first 7 months of the year, with reference to the same period of the previous year, there was an increase in European and Italian exports to Canada, respectively, with regard to European exports to Canada of +12.6% (for an increase of about $ 4 billion CAD), while for Italy it is + 10.4% (with an increase of about $ 365 million CAD).

The data are encouraging also for the imports of European Union and Italy from Canada, with an increase of +23.6% to Europe and +39.2% to Italy.
It should be noted that the percentage data, which is very positive for Canada, is explained by the Canadian disadvantage, in terms of absolute value, which was initially recorded compared to data on European and Italian exports.
The following data will clarify the concept, the total value of Canadian exports to Italy from January to July 2018 is $ 1,892 billion CAD and the total value of Canadian imports from Italy in the same period is $ 3,858 billion CAD. (ISTAT).

Consequently the Italian import from Canada increased, but did not change the trade balance between the two countries that remains favorable to Italy. Furthermore, Italian exports to the North American country have continued to grow: thus, the fear of the invasion of unspecified products, more or less harmful, from Canada, in a year from the entry into force of CETA did not occur.”

The desired ratification of the Agreement will therefore be able to bring benefits. But what may happen in case of a non-ratification?

Omitting for a moment the analysis of the complex scenario that would occur (with all the uncertainties on the procedures to be adopted, their existence and the wounds inside the Union), the relations between Italy and Canada, have always been excellent, could deteriorate irremediable, negatively involving also those sectors in which the relationships are consolidated and advantageous.

“Italy has given a lot to Canada, Canada did the same with Italy. - declares the Director of the Centro Studi Italia-Canada Avv. Paolo Quattrocchi - What we still cannot understand is how this friendship should be interrupted or nullified by an inexplicable behavior, which takes us away from a historical relationship that has brought growth and can bring further development in the sectors of economy and commerce, but also in social, environmental, cultural, political, and strategic in general.”

“It is in fact - concludes Mr Quattrocchi - thanks to the strategic partnership agreement, premise and completion of CETA, that these objectives of epochal relevance can be achieved for the collective well-being and for the construction of a balance point between the great of the planet, guarantee of peace and development. But nobody talks about the Strategic Partnership Agreement (SPA).”

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