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Landmark CETA trade pact signed after seven years of talks

2016-10-30 6 Dailymotion

After seven years of negotiations, the European Union and Canada have signed the landmark Comprehensive and Economic Trade Agreement (CETA).<br /><br /> Canadian Prime Minister Justin Trudeau flew to the Belgian capital to sign the trade pact.<br /><br /> All EU member states reached a consensus on Friday (October 28). Each and every one of the 28 nations had to endorse CETA for it to be finalised. <br /><br /> It is hoped the deal, which removes 98 percent of tariffs, will bring a trade increase worth some 10.9 billion euros a year.<br /><br /> EU exporters are expected to save up to 500 million euros in duties annually.<br /><br /> <br /><br /> Not entirely smooth sailing<br /><br /> Dramatic scenes took place outside the European Council in Brussels ahead of the signing pact.<br /><br /> A group of protesters managed to enter a restricted area to demonstrate against the deal.<br /><br /> Around 15 people were taken away by police.<br /><br /> Those opposing the agreement say they fear it will weaken existing standards and regulations on health, safety, environmental protection and workers’ rights.<br />

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