PROCUREMENT NEWS

Canada : Canada, EU aim to conclude free trade deal in coming weeks

Published 24 Nov 2012

The European Union and Canada aim to conclude a free trade agreement in the next few weeks after a top-level meeting over a deal that could swell bilateral trade by more than 20 per cent.

\"Both sides will now instruct their negotiators to narrow the gaps on the outstanding issues,\" the Commission said in a statement on Friday, after Thursday\'s meeting between EU Trade Commissioner Karel De Gucht and Canadian Trade Minister Ed Fast.

Negotiators have struggled over investment protection, agriculture, public procurement and intellectual property, particularly regarding pharmaceuticals, trade experts say.

\"It\'s clear that there has been significant progress but some important work remains to be done,\" Mr De Gucht said in the statement, which said a deal could arrive in \"the coming weeks.\"

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