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Brexit’s toll: UK economy at weakest since financial crisis
London, UK — Mounting uncertainty over Brexit is weighing heavily on the British economy, which slowed last year to its weakest growth rate since the aftermath of the global financial crisis, official figures showed Monday. The Office for National Statistics…
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Lack of CETA awareness hindering opportunities for Canadian business: EU trade czar
Montreal, QC — In a warehouse on the outskirts of town, European trade commissioner Cecilia Malmstrom surveyed rows of boxed-up electric bicycles bound for bike-share systems from Honolulu to Sao Paulo. “I wouldn’t bother with the Netherlands,” she said to…
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The uncertain future of the Canadian European trade deal
One of the provisions of the Comprehensive Economic and Trade Agreement between Canada and the European Union, known as CETA, was a mechanism to handle disputes between governments and investors. The International Court System (ICS), a new EU-Canadian permanent court, was…
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Maersk Line expands Canada-Europe transatlantic service
Toronto, ON — Maersk Line announced the expansion of its product portfolio between Europe’s Mediterranean region and Canada to cater for the growing demands of importers and exporters on both sides of the Atlantic. The exclusive, fully Maersk Line-operated weekly…
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Port of Montreal officially welcomes provisional application of CETA
Montreal, QC – At the Port of Montreal’s Viau Terminal,the Government of Canada, represented by the Minister of International Trade, the Honourable François-Philippe Champagne, officially heralded the first day of the provisional application of the Canada European Union Comprehensive Economic…
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Flying High
After eight years of often tense negotiations, the 1600-page CETA (Comprehensive Economic and Trade Agreement) treaty between Canada and the 28-member European Union officially came into force on September 21. The lingering tag of “provisional implementation” simply indicates that all…
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Eurozone industry shows signs of slowing amid euro’s rise
London, UK — Industrial output across the 19 countries that make up the eurozone fell in June, official figures showed Monday, in a development that likely illustrates the export-sapping impact of the rising euro. The Eurostat statistics agency said output…
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Canadian lobster in the pink thanks to European trade deal
Let’s face it: lobsters are not easy on the eyes. The first person to discover that these hideous crustaceans were edible deserves a medal or two. At one time, lobster was a poor man’s protein that was fed mainly…
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Tough ‘Brexit’ terms could prompt UK pivot to emerging markets: Agility
Baar, Switzerland — UK will try to spark its economy through trade with emerging markets if it is unable to preserve the basic outlines of its current relationship with European Union trading partners, says the Agility Mid-Year Emerging Markets…
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EU ports at risk too, UK Chamber of Shipping tells Brexit negotiators
Hard border controls will lead to increased bureaucracy and will threaten prosperity London, UK — The EU is ignoring the risk of Brexit to European ports, the UK Chamber of Shipping has said. In a newly-released video, the Chamber warns…
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CETA free trade deal finally signed, but work is “just beginning”
BRUSSELS, Bel.–Prime Minister Justin Trudeau signed Canada’s free trade deal with the European Union Sunday, but not before recognizing the challenges ahead to bring it fully into force. Trudeau said he hoped the so-called provisional application of the deal —…
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Provinces’ involvement in Canada-EU trade deal “unique” among federations: paper
MONTREAL, Que.–The direct participation of provincial and territorial governments in the negotiation of the Comprehensive Economic and Trade Agreement (CETA) with the European Union was a unique opportunity, says a new paper from the Institute for Research on Public Policy.…