Farms.com Home   Ag Industry News

Italy refuses to sign CETA with Canada

Italy refuses to sign CETA with Canada

Canada isn’t recognizing enough specialty foods, Italian officials say

By Diego Flammini
Staff Writer
Farms.com

An important member of the European Union (EU) is refusing to sign a free trade deal with Canada.

The latter country does not recognize enough of Italy’s specialty food products; therefore, Italy will not be part of the Comprehensive Economic and Trade Agreement (CETA), Italian officials said. All 28 EU nations must sign off on the agreement before it can come into effect.

Italy has 292 food products that fall under a Protected Designation of Origin (P.D.O) or Protected Geographical Indication (P.G.I.) designation. These labels help guarantee the products are made with distinct characteristics that are native to the region or production process.

Canada recognized more than 40 of those products under CETA, but that number is not enough to warrant ratifying the trade agreement, said Luigi Di Maio, Italy’s deputy prime minister.

“Soon CETA will arrive in parliament and this majority will reject it and will not ratify it,” he told Coldiretti, an Italian farm organization that supports the government’s position, Reuters reports today.

Italian officials and organizations have discussed rejecting CETA for at least the last month.

“We will not ratify the free-trade treaty with Canada because it protects only a small part of our (P.D.O) and (P.G.I.) products,” Italy’s ag minister, Gian Marco Centinaio, told local newspaper La Stampa on June 14, Reuters reported.

Coldiretti called the trade agreement “wrong and risky” in a June statement, and estimated food exports could triple if food counterfeiting is taken seriously.

But Canadian negotiators remain confident Italy will agree on CETA’s terms.

“I’m confident we will have full ratification in the end, and the important thing is this agreement has entered into force as an economic matter,” Chrystia Freeland, Canada’s foreign affairs minister, told reporters in June.

Nine European countries, including Spain, Denmark and Croatia, have already ratified CETA.


Trending Video

Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”

Video: Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”


After a week of a U.S./China trade truce, markets/trade is skeptical that we have not seen a signed agreement nor heard much from China or seen any details. There are rumors that China is buying soybean futures & not the physical. Trust in Trump?
12 MMT of U.S. soybean purchases by China by year-end is better than 0 but we all need to give it more time and give it a chance to unfold. China did lower the tariffs on Ag and is buying U.S. wheat and sorghum.
U.S. supreme court could rule against Trumps tariffs, but the Trump administration does have a plan B.
U.S. government shutdown is now the longest in history at 38 days.
But despite a U.S. government shutdown we will be getting a USDA November crop report next Friday and it could be “game changing.” If the USDA provides a bullish surprise with lower U.S. corn and soybean yields and ending stocks that are lower than expected both corn and soybean futures will break out above their ceilings at $4.35/bu and $11.35/bu respectively.
The funds continued their selling in live and feeder cattle futures on continued fears that the Trump administration want to lower U.S. beef prices. The fundamentals have not changed, only market psychology has.
Stocks markets continue to worry about a weak U.S. job market, but you can blame ChatGPT for that. In the future, we will have a more efficient, productive and growing economy with a higher unemployment rate until we have more skilled AI workers.
After 34 new record highs in the S & P 500 and 124 new records in the NASDAQ in 2025 we are back to a correction and investor profit taking as AI valuations may have gotten too stretched near-term ahead of NVDA’s 3rd quarter earnings announcement on Nov. 19th. But this is not an AI bubble.
75% of Tesla shareholders approved a $1 trillion pay package for Elon Musk!
It has rained in South America in the last 7 days, but both the American and European models agree that Central Brazil remains dry in the next 14-days!