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ECR Group welcomes historic Canada trade deal

The ECR Group in the European Parliament warmly welcome the conclusion of the EU-Canada negotiations for a Comprehensive Economic and Trade Agreement (CETA).

The European Conservatives and Reformists Group in the European Parliament warmly welcome the conclusion of the EU-Canada negotiations for a Comprehensive Economic and Trade Agreement (CETA). A deal is expected today. This comes after four years of hard work on this agreement following the launch of negotiations in May 2009.

We appreciate the hard work and effort of the negotiators, especially Mauro Petriccione, the EU Chief Negotiator, and his Canadian opposite number Steve Verheul for achieving such an ambitious and comprehensive deal.

Robert Sturdy, Vice Chairman of the International Trade Committee, said: “I am pleased these negotiations have finally come to a conclusion. I look forward to receiving the text of the agreement soon, so the European Parliament can analyse the text and express our views promptly.”

“When you realise that the value of bilateral trade in goods between the EU and Canada was €61.8 billion in 2012, you see the huge potential which exists for this agreement to boost economies on both sides of the Atlantic. Access to Canadian public procurement is potentially a huge boost the UK and the rest of Europe.

“As long ago as 2008 a report put overall potential income gains at €11.6 billion for the EU and €8.2 billion for Canada.”

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