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News   November 1, 2016   by CARS Magazine

Canada and EU sign trade agreement during EU-Canada Summit

Prime Minister Justin Trudeau, together with Donald Tusk, President of the European Council, and Jean-Claude Juncker, President of the European Commission, signed the Canada-European Union (EU) Comprehensive Economic and Trade Agreement (CETA) during the European Union-Canada Leaders’ Summit.

“CETA will offer significant benefits for most sectors of the Canadian economy, from fishermen in Newfoundland and Labrador, to aerospace workers in Quebec, and from people assembling automobiles in Ontario, to forest industry workers in British Columbia to miners in the Northwest Territories,” said Justin Trudeau, Prime Minister of Canada.

CETA is a trade agreement that, when implemented, is designed to generate billions of dollars in bilateral trade and investment, provide greater choice and lower prices to consumers, and create middle class jobs in many sectors on both sides of the Atlantic.

Both Canada and the EU are committed to bringing CETA into force as soon as possible.

The leaders also signed the Strategic Partnership Agreement (SPA), which will work to enhance cooperation in important areas such as energy, environment and climate change, migration and peaceful pluralism, counter-terrorism and international peace and security, and effective multilateralism.

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