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Posted: Wed Nov 02, 2016 9:25 am Post subject: Canada-EU Free Trade Agreement Signed
Prime Minister Justin Trudeau revelled in a long-awaited moment Sunday -- signing Canada's free trade deal with the European Union, but not before recognizing the challenges ahead to bring it fully into force.
Trudeau expressed hope that the so-called provisional application of the deal -- approval only by the Canadian and European parliaments but not Europe's 28 states and myriad regional governments -- might happen within months.
That, said Trudeau, would result in 98 per cent of the deal coming into force. That's much higher than the 90-per cent estimate that most European and Canadian officials have said would accompany provisional application of the Comprehensive Economic and Trade Agreement, known as CETA.
It looks like there are some real stakes involved, and the negotiations to jam up once again. These treaties are usually implemented in stages and negotiations about specific applications of the agreement are hammered out in practice.
We have to hang tough on this. It's a chance for our new ambassador to the EU and Germany to earn his spurs.
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