15:56 Oct. 30, 2016
Canada has a new economic opening to 500 million Europeans; the EU believes it can have big trade pacts which are good for its citizens
The European Union and Canada have signed the long-delayed landmark trade deal, following weeks of uncertainty due to opposition in Belgium.
The deal was signed in Brussels by Canadian Prime Minister Justin Trudeau together with top EU officials: European Council President Donald Tusk and European Commission President Jean-Claude Juncker.
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The signing ceremony initially planned for Thursday had been cancelled after Belgium's Wallonia region vetoed the agreement.
All 28 EU states approved the deal on Friday when the consensus was reached.
The Comprehensive Economic and Trade Agreement, known as Ceta, required all EU member states to endorse it.
The deal removes 99% of tariffs - and officials hope it will generate an increase in trade worth USD 12 billion a year.