Canada, EU weeks away from historic trade deal
The following is from the 18 January 2013 edition of the Financial Post.
The federal government appears only weeks away from completing negotiations on a Canada-European Union free trade agreement that would be the country’s largest and most important international trade pact in a generation.
The deal is expected to immediately eliminate tariffs on approximately 98% of European goods in Canada and lead to what some observers believe could be a 3%-to-5% drop in the price of consumer goods ranging from European automobiles to clothing to coffee makers.