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Trade pact between Canada and EU now in effect


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http://www.cbc.ca/news/business/ceta-europe-free-trade-1.4300071

 

As of Thursday, over 98 per cent of Canadian goods will be able to enter the EU without tariffs, compared with only 25 per cent a day earlier, which the federal government says will improve export opportunities for a range of Canadian producers, processors and manufacturers. [...]

 

The deal not only clears the way for goods, which Canada exported $42 billion worth of last year, but also codifies access to services, which Canadian companies sold an additional $18 billion worth in 2016, said Evans. [...]

 

The deal will also mean Canadian companies can bid for work at all levels of the EU government procurement market, which the federal government says is worth an estimated $3.3 trillion annually.

 

The agreement is a two-way street though, with EU companies also gaining access and creating more competition in the Canadian market.

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