Update on CETA

Update on CETA (Comprehensive Economic and Trade Agreement)

Credit – excerpts from “The Globe and Mail” Published Thursday, Feb. 16, 2017

Prime Minister Justin Trudeau praised the European Union Thursday for approving the long-discussed free-trade deal with Canada, but warned the agreement is at risk of becoming the world’s last major trade pact.

Speaking to the European Parliament in Strasbourg, France, Mr. Trudeau argued that the pressure is now on both sides to show that such trade deals produce real benefit for citizens.

The Prime Minister’s speech comes one day after the EU Parliament gave its final vote of approval to the deal. The House of Commons in Ottawa also voted this week to approve it. A final Senate vote is expected soon.

After eight years of formal negotiations, the vast majority of the provisions in the Comprehensive Economic and Trade Agreement (CETA) are poised to take effect within weeks.

“With CETA, together we have built something. Something important. Especially at this moment, on your continent and mine,” Mr. Trudeau told the EU Parliament.