CC Flickr / Aldo Cavini Benedetti
After a long period of deadlock, the trade agreement between the European Union and Canada was finally signed in October. Besides opening up the market and thus favoring growth and employment in Europe, the agreement provides for a better and greater protection of the traditional products of the Old Continent.
On the one hand, the agreement aims at facilitating trade through the elimination of customs duties and barriers on access to public procurement as well as through the opening up of the service market; on the other hand, the agreement protects the European traditional products from counterfeiting, safeguards the environment and improves consumer safety.
The EU-Canada agreement will hopefully speed up and influence the contents of the trade negotiations with the United States.