360° Coverage : EU, Canada strike free trade deal

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EU, Canada strike free trade deal

Oct 18 2013, 5:36pm CDT | by IANS

Brussels, Oct 19 (IANS) The European Union (EU) and Canada Friday reached an agreement on their free trade deal, aimed at boosting the two sides' economic growth.

Brussels, Oct 19 — The European Union (EU) and Canada Friday reached an agreement on their free trade deal, aimed at boosting the two sides' economic growth. European Commission President Jose Manuel...

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1 year ago

EU, Canada strike free trade deal

Oct 18 2013, 5:36pm CDT | by IANS

Brussels, Oct 19 (IANS) The European Union (EU) and Canada Friday reached an agreement on their free trade deal, aimed at boosting the two sides' economic growth.

Brussels, Oct 19 — The European Union (EU) and Canada Friday reached an agreement on their free trade deal, aimed at boosting the two sides' economic growth.

European Commission President Jose Manuel Barroso and Canadian Prime Minister Stephen Harper reached a political agreement on the key elements of the free trade agreement, the Comprehensive Economic and Trade Agreement (CETA), reported Xinhua citing a European Commission release.

Barroso described the agreement as "highly ambitious" and "great importance" for the EU's economy.

"Canada is one of the most advanced economies in the world. This agreement will provide significant new opportunities for companies in the EU and in Canada by increasing market access for goods and services and providing new opportunities for European investors," Barroso said.

"It will be the basis for gaining a strong foothold in the North American market and so provide a catalyst for growth and the creation of jobs in Europe," he added.

EU Trade Commissioner Karel De Gucht commented that it has been a real challenge to reach this agreement, and it's a real first when it comes to a comprehensive Free Trade Agreement between two mature economies.

It will be the first free trade agreement between the EU and a G8 country.

According to the EU, the agreement is expected to increase bilateral trade in goods and services by 23 percent, or 26 billion euros (about $35 billion). The overall benefits of the agreement are expected to raise the level of the EU's annual GDP by some 12 billion euros a year.

IANS

Source: IANS

 
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10

6 weeks ago

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Nov 1 2014 4:50am CDT | Source: Business Insider

Brussels (AFP) - The new European Commission led by EU veteran Jean-Claude Juncker formally took office Saturday, promising to "get down to work" as Europe faces a host of political and economic challenges.The agenda is heavy, with Juncker making it his first task to launch a 300 billion euro ($380 billion) investment plan by Christmas to kickstart a faltering economy plagued by stubborn, near-record unemployment.The Ukraine crisis meanwhile shows no sign of easing ...
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9

6 weeks ago

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Oct 30 2014 6:15pm CDT | Source: Business Standard

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6 weeks ago

Ukraine, Russia, EU agree gas supply deal: EU source

Oct 30 2014 3:34pm CDT | Source: Business Insider

Brussels (AFP) - Russia agreed to resume gas deliveries to Ukraine in an EU-brokered deal reached by the three parties in Brussels on Thursday, an EU source said.The details will be outlined by European Commission head Jose Manuel Barroso as well as the Russian and Ukrainian energy ministers during a press conference announced for 2045 GMT, ...
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7

7 weeks ago

No way, José! Barroso bows out with swipe at UK's Cameron over EU bill row

Oct 28 2014 2:49pm CDT | Source: Euronews

Outgoing European Commission President José Manuel Barroso has taken one final swipe at British Prime Minister David Cameron. Barroso hit out a ...
Source: Euronews   Full article at: Euronews
 

 
Update
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7 weeks ago

Days after demanding £1.7bn from Britain... EU chief secures £100k-a-year pension for LIFE

Oct 26 2014 9:57am CDT | Source: Daily Express

BRUSSELS bureaucrat Jose Manuel Barroso will enjoy a taxpayer-funded pension for life worth more than £100,000 a year when he steps down this week, ...
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7 weeks ago

Farage on Friday: 'The British taxpayers are the real losers' after new EU cash demand

Oct 24 2014 10:11am CDT | Source: Daily Express

IT'S not often I have a lot to thank the EU Commission President for, but Jose Manuel Barroso has been on a ...
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4

7 weeks ago

Ebola vaccine doses could reach Africa by mid-2015: UN health agency

Oct 24 2014 9:22am CDT | Source: Business Insider

Geneva (AFP) - Hundreds of thousands of Ebola vaccine doses could be rolled out to west Africa by the middle of next year, the World Health Organization said Friday, after new cases of the killer virus were reported in New York and Mali."All is being put in place to start efficacy tests in the affected countries as early as December," WHO assistant director general Marie-Paule Kieny said, a ...
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3

7 weeks ago

Cameron demands crisis talks over EU cash demand

Oct 24 2014 5:55am CDT | Source: Business Insider

Brussels (AFP) - British Prime Minister David Cameron interrupted an EU summit on Friday to demand an emergency finance ministers meeting over a demand from Brussels for an extra 2.1 billion euros from London, sources said.Cameron's demand came hours after the European Commission said that Britain had to pay the money, equivalent to $2.6 billion, under new budgetary rules because its economy is t ...
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2

7 weeks ago

Report: EU can give Ukraine at most $1 billion to pay bills

Oct 24 2014 3:48am CDT | Source: PRIME

MOSCOW, Oct 24 (PRIME) -- European Commission President Jose Manuel Barroso told the bloc’s leaders Thursday that the E.U.’s executive body could give Ukraine a maximum U.S. $1 billion (790 million euros) in the near term out of its budget to help Kiev pay its bills, according to several officials briefed on discussions, ...
Source: PRIME   Full article at: PRIME
 

 
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1

7 weeks ago

Italian PM vows to publish cost of EU institutions in budget row

Oct 24 2014 12:54am CDT | Source: Business Insider

Brussels (AFP) - Italian Prime Minister Matteo Renzi on Thursday announced his intention to make public the cost of the European institutions, as a row exploded over his country's budget plans.European Commission head Jose Manuel Barroso sharply criticised Italy earlier Thursday for publishing a letter from the EU requesting clarifications on Rome's rule-breaking budget.Renzi, attending an EU summit ...
Source: Business Insider   Full article at: Business Insider
 

 
 

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