Canada, EU to sign free-trade deal


Canada and the European Union reach an agreement in principle on a free-trade deal that will give Canadian businesses preferential access to an EU market of 500M consumers.

Canada expects duty-free access of its seafood, lumber, manufacturing, beef, pork, wheat and mineral sectors to the EU would generate ~$12B in the Canadian economy; Europe would face eliminated tariffs on exports including clothing, cheese, wine, dairy products and more.

While many major Canadian companies and exporters lobbied hard for the pact, others such as dairy producers in Quebec and Ontario are opposed.

ETFs: EWC, FCAN.

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Comments (1)
  • bob adamson
    , contributor
    Comments (4560) | Send Message
     
    The following three articles outline the nature and scope of the proposed Canada-EU trade agreement in some detail.

     

    http://bit.ly/19jeNKz

     

    http://bit.ly/19jeOht

     

    http://f24.my/19jeNKC
    20 Oct 2013, 01:12 AM Reply Like
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