Free trade deal signed: EU and Canada sign long-delayed free trade deal - BBC

15:56 Oct. 30, 2016

EU and Canada sign long-delayed free trade deal - BBC

European Commission President Jean-Claude Juncker, European Council President Donald Tusk, and Canadian Prime Minister Justin Trudeau at the EU-Canada summit in Brussels. Oct. 30, 2016 (AP Images)

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.

Read also EU expands quotas for Ukrainian goods

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.

Watch also Ukraine and Canada ink Free Trade Agreement in Kyiv

The deal removes 99% of tariffs - and officials hope it will generate an increase in trade worth USD 12 billion a year.

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