The Telegraph: European Parliament ratifies Canada trade deal at long last
David Campbell Bannerman welcomed the EU Parliament’s ratification of the EU/Canada Free Trade Agreement and said that “once fully implemented CETA is expected to increase trade in goods and services between EU Member States and Canada by 23pc, worth £19bn. The benefits are estimated to start at around £1.3bn a year for the UK alone,”
The MEP noted of the deal that ““This is the most modern trade deal ever as it will also give European companies access to Canadian procurement markets, something that Canada has never allowed before.” However, the leading MEP warned the EU that “it has however taken too long to get to this point – seven years…The EU must reflect on the time that it takes to get agreements negotiated if they are to be taken seriously in future with any major trading partners, and that includes with Britain.”
The full article can be read here.