Good day for Europe, CETA approved
The EU-Canada trade deal has gained approval of the European Parliament by a large majority.
“I am delighted that we finally got CETA through. This is very good news for all” said David Campbell Bannerman, the European Conservatives and Reformists’ shadow rapporteur.
Mr Campbell Bannerman said: “Once fully implemented CETA is expected to increase trade in goods and services between EU Member States and Canada by 23%, worth £19bn The benefits are estimated to start at around £1.3bn a year for the UK alone.”
“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. In addition, it contains welcome new elements, such as mutual recognition of professional qualifications – for midwives, architects, lawyers, and doctors. 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.”