EU Parliament OKs free trade deal with CanadaStaff Writer | February 16, 2017
The European Union's Parliament approved a free trade deal with Canada as several hundred protesters demonstrated outside the building in Strasbourg.
Trade The EU exported $39 billion to Canada
CETA will remove 99 percent of customs duties between the two sides, benefiting European exporters.
In 2016, the EU exported $39 billion of goods and services to Canada and imported $30 billion, according to Statistics Canada.
The deal will increase bilateral trade in goods and services by more than 20 percent, according to a joint EU-Canada study.
EU Trade Commissioner Cecilia Malmstroem said the deal would not cut into the independence of EU decision-making as alleged.
She said it would "not change food safety standards or any other EU requirements, only the EU institutions can do that." ■