Canada, European Union sign long-delayed CETA trade deal
After years of negotiations and with the concession of a hold-out vote from Belgium, Canada and the European Union on Sunday finally inked their approval of the Comprehensive Economic and Trade Agreement (CETA), a new trade deal that removes 99 percent of tariffs on trade among Canada and the EU's 28 member nations.
If ratified by the European Parliament in 2017, CETA is predicted to produce an extra $12 billion in trade annually. Though the deal is expected to gain parliamentary approval, at least 10 percent of the legislators have voiced serious concerns about its provisions.
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