Minister of International Trade, Chrystia Freeland, during question period in the House of Commons
Photo Credit: Reuters / Chris Wattie

Canada-EU trade deal one step closer


The Canada-European Union Comprehensive Economic Trade Agreement, known as CETA, is another step closer to reality, and according to International Trade Minister, Chrystia Freeland, could be ratified by the end of this year and in force by 2017.

The agreement will remove 98 per cent of EU tariffs on a broad range of Canadian products.

The legal review of the english text of the deal, however, revealed some issues. Freeland addressed this today in Ottawa, saying “There have been some modifications to the investment chapter to reflect the shared intent of Canada and the EU to strengthen our provisions on the right to regulate”.

Catherine McKenna, minister for the environment and climate change accompanied Freeland today and sang the praises of the deal as “a green trade deal”.

“CETA stands to remove trade barriers, widely expand free trade between Canada and the European Union and increase opportunity for the middle class at a time when we need to foster innovation and create good jobs as we move to a low-carbon economy.” McKenna said.

These developments come before a meeting of Canada’s premiers with Prime Minister Justin Trudeau later this week in Vancouver, to establish a new climate plan for the country.

Posted in Economy, International, Politics, Society

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One comment on “Canada-EU trade deal one step closer
  1. David E.H. Smith says:

    CETA, TPP & the other Global Corporate treaties/’arrangements’; Suing the Global Corporate Economy via ‘your’ government.
    Japan; ‘The Submission’ to The Supreme Court of Canada paves the way for Expanding & Improving the basis of the Yamada led ‘Sword & Shield’ Counter attack Suit against the Japanese gov’t, et al. TPP & other Global Corporate Treaties/’Arrangements’ signatory gov’ts. in Conflict of Interest.

    (CAN.) – The TPP & the other global corporate treaties/’arrangements’ provides that the signatory governments will not only be no longer able to sue corporations for not adhering to the laws of their host countries & thereby, replace the desire of American lead corporations for tort reform with tort abolishment, but the TPP will also place the signatory governments in positions of a conflict of interest in regard to their own harmless citizens who are being forced to find their own, non-governmental means of enforcing existing & future laws that have been passed by way of:
    1) the secrecy of unethical lobbyists for the benefits of their wealthy corporation clients & their shareholders,
    2) the ethical desire to compete with other countries by passing laws that protect & enhance the well-being of its citizens regarding their health care, education, worker safety, environment, transfer payments, etc.
    Full Article, see;