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EU and Canada sign long-delayed free trade deal

EU and Canada sign long-delayed free trade deal

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Date: 31 October 2016 18:46

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Baku, October 31, AZERTAC

The European Union and Canada have signed a long-delayed landmark trade deal, following weeks of uncertainty due to opposition in Belgium, according to BBC.

The deal was signed in Brussels by Canadian Prime Minister Justin Trudeau and top EU officials.

The signing ceremony initially planned for Thursday had been cancelled after Belgium's Wallonia region vetoed the agreement.

All 28 EU states approved the deal on Friday when consensus was reached.

The Comprehensive Economic and Trade Agreement, known as Ceta, required all EU member states to endorse it.

The deal removes 99% of tariffs - and officials hope it will generate an increase in trade worth $12bn (€10.9bn; £9.8bn) a year.


AZERTAG.AZ :EU and Canada sign long-delayed free trade deal

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