Thread

EU chief opens door for Canada to become 'associate member'

693 points · 905 comments · hackernj

neom · 1789557380 · focus · HN ↗
No idea what this actually means, if it means easier trade, I'm all for anything that reduces our dependency on the yanks, as long as we don't need to be involved in their regulatory or legal regimes. The Americans are no longer our friends, Salut, mes amis Européens. :)
1. FabCH · 1789557897 · focus · HN ↗
  Carney was asking for freedom of movement of goods, people and services, but without full monetary and legislative integration.
  So, easier to sell stuff, easier to buy stuff, free to just travel to/from Canada/EU and work there with no extra paperwork, free to buy and sell service from Canada to EU and vice versa.
  No Euro, no vote in EU, no ECJ, no payments into each others budget.
  Tighter integration than UK, not as tight as Norway/Switzerland/Iceland.
  Common defense was already agreed anyhow.
  I can tell you this enjoys broad support in the EU public. Although, no joke, a lot of peoples first reaction is: "They need to compete in Eurovision first. Otherwise they should wait for Australia to join first."
  1. klelatti · 1789559328 · focus · HN ↗
    > Carney was asking for freedom of movement of goods, people and services, but without full monetary and legislative integration.
    > no payments into each others budget.
    Not going to happen!
    To enable free movement of goods and services the EU insists that the goods and services are produced in an identical regulatory environment.
    Even when the regimes are basically identical - eg the UK - then the EU doesn't permit it without budgetary contributions.
    cmiles8 · 1789560786 · focus · HN ↗
    A) Would never happen.
    B) If it did happen, the US would just say “give us the same deal or you get cut off” and Europe would capitulate immediately.
    usrbinbash · 1789561376 · focus · HN ↗
    Cut the EU off from ... what?
    Technlogy? That would likely result in a US market crash the likes of which has never been seen before. Look at what percentage of the stock market is the magnificent 7. Now imagine what would happen to that if US tech giants were no longer allowed to sell their products/services in the EU. The market is fragile as it is with the AI bubble going on.
    Trade? That cuts both ways, and the US economy and cost-of-living crisis doesn't give them lots of wriggle room.
    Products? China will be all to happy to step into whatever market is thus competition-free, not to mention the impact this would have on US businesses.

Open on Hacker News to reply ↗

Unofficial Hacker News client; not affiliated with Y Combinator.