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EU-Canada trade deal clears European parliamentary hurdle

A trade agreement between the EU and Canada has cleared a big hurdle in the European Parliament.

The trade committee has backed the deal, which was signed in October, preparing it for full ratification next month.

The accord still needs ratification by MEPs. The trade committee backed it by a 25-15 margin with one abstention, clearing the way for the full legislature to vote on it next month.

The EU has said the Comprehensive Economic and Trade Agreement will remove almost all tariffs and boost trade with Canada by 12 billion euro (£10.3 billion) a year, creating growth and jobs on both sides of the Atlantic.

It insists the deal will not prevent governments from moving to protect environmental and social standards if they believe action is needed.


From Belfast Telegraph