Canada, European Union sign long-delayed CETA trade deal

European Council President Donald Tusk, Canadian Prime Minister Justin Trudeau and European Commission President Jean-Claude Juncker
(Image credit: John Thys/Getty Images)

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.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us
Bonnie Kristian

Bonnie Kristian was a deputy editor and acting editor-in-chief of TheWeek.com. She is a columnist at Christianity Today and author of Untrustworthy: The Knowledge Crisis Breaking Our Brains, Polluting Our Politics, and Corrupting Christian Community (forthcoming 2022) and A Flexible Faith: Rethinking What It Means to Follow Jesus Today (2018). Her writing has also appeared at Time Magazine, CNN, USA Today, Newsweek, the Los Angeles Times, and The American Conservative, among other outlets.