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EU, Canada reach breakthrough on CETA trade deal
The EU and Canada have announced a breakthrough towards completing the Comprehensive Economic and Trade Agreement (CETA) – a controversial free trade pact that is now likely to come into force next year.
EU Trade Commissioner Cecilia Malmström and Canada’s Trade Minister Chrystia Freeland said in a statement Monday that the legal review of CETA had been “completed” and that both Canada and the EU were “confident” the controversial free trade deal would be signed in 2016 and enter into force in 2017.
“This is really a gold plated trade deal,” Freeland said at a briefing in Ottawa, calling it a “landmark trade agreement.”
Canadian and European leaders formally concluded the deal in 2014, but implementation has been delayed due to last-minute objections in Europe over provisions to create an investment protection system that would help protect companies from government intervention. Read More…
