Canada and European Union Reach Agreement in Principle

October 18, 2013

Canada and European Union Reach Agreement in Principle

Owen Sound, ON – Larry Miller, MP for Bruce-Grey-Owen Sound, lauds the successful conclusion to the negotiations between Canada and the European Union which has resulted in an agreement in principle being reached between the two countries. This free-trade agreement will give Canadian businesses superior access to 500 million consumers in the EU market. This is the largest trade agreement in Canadian history and will represent thousands of new jobs for Canadians and a half-billion new customers for Canadian businesses.

“This is incredibly good news for not only Canadian families but to the Canadian manufacturing industry and the agricultural sector” said Miller. “Canadians can be proud that we produce world class products and food that are in demand around the globe.” Miller added “Canada has been very successful in negotiating favourable trade agreements with many countries worldwide and that is helping to keep our economy strong and Canadians working in these times of global uncertainty.”

The deal will now have the technical details finalized with input from Provincial and Territorial governments. The European Parliament and the EU’s 28 member states will also ratify the agreement. After an extensive legal review, legislation will need to be introduced and passed in the House of Commons. The anticipated time frame for both sides to complete the agreement is expected to be 18 to 24 months.

More information may be found at the web link below;  http://www.actionplan.gc.ca/en/content/ceta-aecg/canada-eu-trade-agreement.

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