The agreement was not cleared because the Walloon Parliament refused to grant the Belgian government to give its approval. Schaake warns for further postponing or even abandoning the treaty altogether: "If we cannot make a deal with the Canadians, then who can we come to an agreement with? Our negotiating partners will not take us seriously. This step severely undermines EU trade policy."
If the EU is no longer to negotiate on their behalf, EU member states will have to do their own negotiations. "This would lead to fragmentation in the internal market and internal competition in trying to close agreements with third countries. Then we would have lower standards and lower economic benefits, because all member states would try to offer third countries the 'best' possible deal. That is not a situation in which we should end up.", says Schaake. She wants the European Council, which takes place later this week, to give their approval to CETA to make sure the agreed timeline can be met.