Arab Today, arab today canada quashes hints of imminent canadaeu trade deal
Last Updated : GMT 03:24:37
Arab Today, arab today
Arab Today, arab today

Canada quashes hints of imminent Canada-EU trade deal

Arab Today, arab today

Arab Today, arab today Canada quashes hints of imminent Canada-EU trade deal

Ottawa - AFP

Canada on Friday poured cold water on widespread speculation that a Canada-EU free trade deal would be announced when the prime minister travels to Europe next week. \"We\'re actually trying to sign the most comprehensive trade agreement that Canada has ever signed... and we\'re not there,\" Prime Minister Stephen Harper\'s communications director, Andrew MacDougall, told a media briefing. \"We\'re down to a few outstanding issues..., negotiations are ongoing and I don\'t expect that we\'ll be in a position to sign a deal next week.\"   Harper is scheduled to fly to London on June 11-13, then to Paris on June 13-15 and Dublin on June 15-17 to promote trade and investment, and underscore the importance of concluding a deal between Canada and the 27-nation European Union. He will meet with officials and business executives, and have a private chat at Buckingham Palace with Queen Elizabeth II, Canada\'s titular head of state. Thereafter, the prime minister joins other G8 leaders in Lough Erne in Northern Ireland for an annual summit. A transatlantic deal would give Canadian companies access to 500 million European consumers and eliminate 98 percent of Canadian tariffs on EU goods. Negotiations started in 2009 with the expectation they would be concluded by late 2012, but they became deadlocked over a few holdout issues, mainly in agriculture. With fears mounting that the talks might be sidelined when Brussels begins separate negotiations with Washington, Harper has hosted several European leaders over the past year -- most recently French Prime Minister Jean-Marc Ayrault in March -- hoping to get the stalled Canada-EU track back on course. If Europe can secure a free trade deal with Canada, it would lay the groundwork for a planned, much larger accord with the United States, both French and Canadian leaders said in March. Both EU and Canadian officials, however, have downplayed the urgency. \"We are aware obviously that there are plans for the EU to negotiate with the US but it\'s also equally in the other side\'s interest, you could argue, to conclude an agreement to show what kind of agreement is possible and to get an ambitious agreement that would serve as a benchmark for future negotiations,\" MacDougall commented. \"We have not reached an agreement that Canada is comfortable with yet,\" he added. MacDougall reminded also that increased trade would give the struggling EU economy a much-needed boost. \"We will make that case loudly and clearly,\" he said. Bilateral trade reached a record Can$116.4 billion ($113.8 billion) in 2011 making the EU Canada\'s second-largest trading partner after the United States, its partner along with Mexico in the 1994 North American Free Trade Agreement. A de facto trilateral trans-Atlantic pact liberalizing investment and harmonizing regulations in the European Union, United States and Canada would be the world\'s largest free trade zone. It would have access to 850 million consumers and constitute a Western juggernaut with respect to rising economies such as China.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today canada quashes hints of imminent canadaeu trade deal Arab Today, arab today canada quashes hints of imminent canadaeu trade deal

 



Arab Today, arab today
Arab Today, arab today Fadi Kataya explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures

GMT 21:36 2017 Wednesday ,22 February

Opec needs to prolong cuts to eliminate surplus

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables

GMT 05:18 2017 Wednesday ,22 February

Chinese PM: US should avoid ‘trade war,’

GMT 20:59 2017 Tuesday ,21 February

Economy good, but homes in German cities overpriced
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday