Belgian region's rejection imperils EU-Canada trade deal

Markets Associated Press

In this photo taken on Tuesday, Sept. 20, 2016, demonstrators walk over a spray painted sign on the street during a demonstration against international trade agreements in Brussels. The Belgian provide of Wallonia is proving how difficult it is for ... the European Union to set policy for its 28 nations. A landmark trade deal with Canada is at the mercy this week of a decision in Belgium's sub-region of a few million. (AP Photo/Virginia Mayo) (The Associated Press)

A Belgian region is opposing a wide-ranging trade deal between the European Union and Canada, threatening the agreement which is supposed to be signed in two weeks.

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Walloon Minister President Paul Magnette said he would "not give the full powers to the federal government" to back the deal at an EU foreign trade meeting next Tuesday, where the 28 member states have to decide on full approval of the agreement.

Wallonia fears the deal with Canada will leave the farm and industrial sectors too exposed to cheaper imports from Canada. Environmental activists and trade unions have all warned such international deals could worsen local standards for food, work and industry.

Magnette said that "the guarantees are insufficient" and demanded further talks.