Free trade deal between EU & Canada

Q.  EU and which other nation signed a CETA free trade deal in Oct 2016?
- Published on 07 Nov 16

a. Canada
b. UK
c. US
d. None of the above

ANSWER: Canada
 
Free trade deal between EU & Canada The European Union and Canada have signed a free trade deal.
This deal exposed the difficulties of securing agreement from 28 EU member states.
  • The deal was almost derailed by objections from the French speaking Belgians.
  • EU Commission president Jean-Claude Juncker indicated there was no parallel between the deal and forthcoming Brexit talks.
  • Known as CETA (Comprehensive Economic Partnership and Trade Agreement) paved the way for import duties to be removed early in the next year.
  • Treaty currently needs approval of many EU national and regional parliaments besides the UK to enter into full force.
  • CETA supporters say it will boost Canadian-EU trade by 20 percent.
  • It will boost EU economy by 12 billion euros and Canadian economy by 12 billion Canadian dollars.

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