Canada, EU Free-Trade Deal Could be Signed Later This Year
(John Size — CTV News)
Canada is closing in on a free-trade agreement with the European Union that could generate $12 billion for the economy and create up to 80,000 jobs, a top diplomat says.
But it seems few Canadians are aware of the highly secretive talks, although a number of municipalities across the country say they want to opt out, including Toronto.
Politicians in Canada’s biggest city are worried the Canada-European Union Trade Agreement (CETA) will limit its ability to buy locally, or demand a local component in procurement contracts once a deal is signed with the 27-member EU. Council passed a motion last week seeking an exemption. Read more here.
Date: March 12, 2012
