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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...

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40 weeks 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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1 week ago

Juncker Pushes for Higher Energy-Efficiency Target

Jul 20 2014 4:03pm CDT | Source: WSJ.com: Asia Home

The incoming president of the European Commission is taking a tougher line than the current president, José Manuel Barroso. ...
Source: WSJ.com: Asia Home   Full article at: WSJ.com: Asia Home
 

 
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L’UE engage un nouveau financement de €750 millions pour renforcer la paix et la sécurité en Afrique

Jul 15 2014 2:30pm CDT | Source: Africa Business

BRUXELLES, Royaume de Belgique, 15 juillet 2014/African Press Organization (APO)/ – L’UE a adopté aujourd’hui un programme d’action qui fournira jusqu’à €750 millions pour la période 2014-2016 afin de soutenir la paix et la sécurité en Afrique. Ce nouvel engagement financier, annoncé par le Président de la Commission européenne José Manuel Barroso lors du sommet ...Read More ...
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2 weeks ago

Junker expected to replace Barroso as EC president today

Jul 14 2014 5:15pm CDT | Source: Euronews

Jean Claude Junker is expected to be endorsed as president of the European Commission later today, replacing Jose Manuel ...
Source: Euronews   Full article at: Euronews
 

 
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2 weeks ago

Witty dealmaker Juncker set to be EU’s new chief executive

Jul 14 2014 3:32am CDT | Source: Canadian Business Online

BRUSSELS – The incoming leader of Europe’s most powerful bureaucracy is a master of the backroom deal — and an outspoken and witty career politician who once advocated the right to lie in times of crisis. Jean-Claude Juncker, who was prime minister of Luxembourg for almost two decades, was a controversial pick as the 28-nation European Union’s new chief executive, not least because the British governme ...
Source: Canadian Business Online   Full article at: Canadian Business Online
 

 
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7 weeks ago

Harper, Obama decry other leaders’ plans to meet Putin after Russian president excluded from G8 talks

Jun 5 2014 2:54pm CDT | Source: National Post

Prime Minister Stephen Harper joined U.S. President Barack Obama in opposing the plans of some G7 leaders to meet Russian President Vladimir Putin this week, The Canadian Press has learned. During two days of closed-door G7 leaders’ talks in Brussels, Harper and Obama were firmly aligned against the plans of several fellow leaders to sit down with Putin, a source close to the talks said Thursday. Harp ...
Source: National Post   Full article at: National Post
 

 
Update
2

7 weeks ago

Harper, Barroso meet in Brussels to discuss stalled free-trade deal ahead of G7

Jun 4 2014 12:28pm CDT | Source: Canadian Business Online

BRUSSELS – Stephen Harper is meeting with European Commission President Jose Manuel Barroso in Brussels in an apparent attempt to kick-start Canada’s stalled free-trade deal with the European Union. It was the prime minister’s first meeting in the European capital shortly after his arrival from Poland, and took place prior to the official opening of the G7 summit. Harper also flew to Brussels last October for a high-profile ceremony with Barroso to sign an agreement in principle on th ...
Source: Canadian Business Online   Full article at: Canadian Business Online
 

 
Update
1

7 weeks ago

Barroso vows to punish countries taking part in Russia's S Stream

Jun 4 2014 11:15am CDT | Source: PRIME

BRUSSELS, Jun 4 (PRIME) -- All E.U. countries which will participate in the construction and operations of the Russia-led South Stream pipeline will face sanctions, President of the European Commission Jose Manuel Barroso told report ...
Source: PRIME   Full article at: PRIME
 

 

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