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Canada-EU Trade Deal Could Be in Full Force in 1 Year: Envoy
By Mike Blanchfield, CTV News Jan 26, 2016
The massive free trade pact between Canada and the European Union will, for the most part, be a done deal in one year even if it is not fully ratified, says Europe's top envoy.
Marie-Anne Coninsx, the EU ambassador to Canada, said the final text of the comprehensive deal on goods and services, known as CETA, will be presented to the European Parliament by mid-2016.
"The most important stage in order to start implementation will be the agreement of the European Parliament, the consent of the European Parliament," Coninsx said in an interview.
"If the parliament says yes, at that moment, the agreement can start its provisional implementation."
Provisional implementation means that the vast majority of the sweeping deal on goods and services will apply to all areas that are the "exclusive competence of the European Union, which means more than 90 per cent," she said.
Asked when she saw that happening, Coninsx replied: "entry into force, early 2017."
Read Full Article on CTV News »