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Legal review of Canada-EU trade deal complete, likely to come into force in 2017

Trade minister Chrystia Freeland calls CETA a "gold-plated trade deal" that will give Canada access to a market of 500 million people.

OTTAWA – The federal government says the legal overview of Canada’s free trade deal with the European Union has been completed – and also the door is open for that pact to come into force next year.

An agreement in principle was reached around the comprehensive deal, known as CETA, in October 2013. Negotiations between Canada and also the 28-member EU began in 2009.

The agreement was negotiated under the former Conservative government, but International Trade Minister Chrystia Freeland said Monday the Liberals supported CETA during opposition.

“This is actually a gold-plated trade deal,” said Freeland, who added that CETA’s entry into force can give Canada access to an industry of 500 million people.

“It will bring tremendous benefit to Canadians and also to Europeans. We are going to feel everything inside a real increase in prosperity and I’m confident this is going to become the landmark trade agreement.”

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