Press Release: EU-Canada: Green light for the Commission to negotiate new free trade and economic agreement

EU Member States adopted a negotiating mandate for a new economic and free trade agreement between the EU and Canada. This agreement would go beyond current WTO commitments and reinforce the already strong bilateral trade and investment relationship. In 2008, trade in goods and services between the EU and Canada exceeded EUR 70 billion and the total stock of investment stood at over EUR 260 billion. Negotiations, which will be led by the European Commission, are expected to be launched at the EU-Canada Summit on 6 May in Prague.

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