EU and Canada signed Comprehensive Economic and Trade Agreement

EU and Canada signed the bilateral trade agreement CETA at a ceremony in Brussels. The Comprehensive Economic and Trade Agreement (CETA) was signed by the Presidents of the European Council Donald Tusk, the EU Council Robert Fico and the European Commission Jean-Claude Juncker. Together with the accompanying documents, the agreement seems to look like a book. In December, the document is expected to receive confirmation of the European Parliament, which begin prior application. Then within two years, CETA must be ratified by 28 national parliaments in the EU.

Today’s ceremony was in lofty spirit. The overall picture after the signing of the stage were invited the EU High Representative for Foreign and Security Policy Federica Mogherini, EU Trade Commissioner Cecilia Malmstrom and Minister for the Canadian foreign trade Chrystia Freeland.

“Today is one of the most important meetings in recent years”, said Donald Tusk at a joint press conference, European Commission President Jean-Claude Juncker. “Today we send a message to those write-downs with comments that it is ineffective and self-absorbed”, added the European Parliament President Martin Schulz.

“The agreement is historical and aims to achieve a better future for our citizens”, said Justin Trudeau. “The EU is our second largest trading partner, the signing of the agreement is good news for the middle class in Canada, these are new jobs and more work for our companies”, he added.

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