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EU and Canada signed trade deal

EU and Canada signed trade dealCanadian Prime Minister Justin Trudeau has signed the Comprehensive Economic and Trade Agreement (CETA) in Brussels between Canada and the European Union, DW.

The deal signed Sunday, seven years in the making, aims to remove trade barriers and facilitate the exchange of goods between Canada and the EU.

Representatives from the EU included EU President Donald Tusk, European Commisison head Jean-Claude Juncker and Slovak Prime Minister Robert Fico.

Juncker said at a news conference: "We are setting standards which will determine globalization in the coming years.

"Nothing in other trade agreements will be able to remain below the level of what we have reached today with Canada," he added.

Tusk welcomed the signing on Twitter, calling Canada as the "most European country outside Europe" as well as a "strong ally and good friend."

CETA removes 99 percent of customs duties between Canada, the world's 10th largest economy, and the single EU market of 500 million people.

Full implementation of the agreement will begin only after clearance is granted by three dozen national and regional parliaments.
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