The following is excerpted from the 26 April 2013 news release by DFAIT.
The Honourable Ed Fast, Minister of International Trade …, today said that a wide range of sectors in every region of the country, including Alberta, would benefit from an ambitious Canada-EU comprehensive economic and trade agreement (CETA).
… A comprehensive agreement would eliminate tariffs on high-quality provincial exports such as agricultural commodities, metals and minerals, chemicals and plastics, and advanced manufacturing products, including industrial machinery. It would also improve access to the EU market for Alberta’s world-class service suppliers, creating new export opportunities for services in sectors such as oil and gas.
A joint study concluded that an ambitious trade agreement with the European Union would be of significant benefit to Canada, resulting in a 20-percent boost in bilateral trade and a $12-billion increase in Canada’s annual income (gross domestic product)…
This article is available in its entirety at: http://www.international.gc.ca/media_commerce/comm/news-communiques/2013/04/26a.aspx?lang=eng.