Trudeau Pitches ‘Progressive’ Trade as EU-Canada Pact Kicks In
- Champagne says CETA is the ‘gold standard’ for trade
- Juncker says deal represents what EU wants trade policy to be
Theresa May and Justin Trudeau in Ottawa on Sept. 18.
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The Canada-EU trade pact is kicking in after a series of delays, reducing an estimated 9,000 tariffs as leaders hail the deal as a boost for globalization at a time of political unrest.
The majority of the accord, known as CETA, took effect Thursday, though key elements -- such as controversial investor-state dispute provisions -- are still subject to nation-by-nation ratification that could take years. The Canadian government nonetheless is holding the deal up as an example.