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Canada-Europe Trade Deal on Track for Scheduled Implementation

By Alex Binkley , Manitoba Cooperator Apr 05, 2016

A senior European Union politician says he’s hopeful the Canada-Europe free trade agreement will come into effect on schedule, sometime in 2017.

Bernd Lange, chair of the European Parliament’s trade committee, made the comments while visiting Ottawa and Montreal for a series of intensive meetings that are part of the committee’s final assessment of the deal.

However, for that to happen, the deal has to win final approval in both Canada and Europe before the end of 2016, or very early in the new year, he said.

Artis Pabriks, a Latvian MEP and the standing rapporteur for trade with Canada, was upbeat about the conclusion of the deal.

“It’s probably the most advanced trade agreement in the world,” he said. “It’s part of the European Union in a global world.”

The deal will bring economic benefits to both Canadians and Europeans, he said.

After almost 17 months of negotiations, Canada and the European Union announced in February they had agreed on a legal text for a proposed free trade deal and suggested it would be ratified by the end of this year and in effect in 2017.

Steve Verheul, the chief Canadian negotiator for the deal, has told the Commons trade committee that even if parts of the deal have to be ratified by individual EU members, that will come after the European Parliament has approved it.

That will result in about 95 per cent of the deal coming into effect with the final five per cent subject to member ratification.

He told NDP MP Tracey Ramsey that he’s confident the deal will be ratified in Europe.

Read Full Article on Manitoba Cooperator »