Business, Freight News

Brussels signs Canada trade deal

[ October 21, 2013   //   ]

The European Union reached an agreement in principle on a comprehensive economic and trade agreement (CETA) with Canada on 18 October. It would remove tariffs from about 93% of products in the EU including wines, spirits and chocolate although there will be larger annual quotas on beef, pork and sweetcorn in the EU and cheese for Canada. However, the deal still needs to be approved by the EU member states and there is some oppostiiton from farming interests in the UK, including the French. The deal is not expected to enter into force until 2015 at the earliest.

Tags: , ,