The Wall Street Journal: EU, Canada finally sign groundbreaking trade deal

BRUSSELS — The European Union and Canada signed a long-delayed trade deal on Sunday, formally ending a contentious approval process that threatened to derail the bloc’s entire trade agenda.

Canadian Prime Minister Justin Trudeau, European Council President Donald Tusk and European Commission President Jean-Claude Juncker called the pact “the most comprehensive, ambitious and progressive trade agreement ever negotiated by either Canada or the European Union.”

The Comprehensive Economic and Trade Agreement, or CETA, which was concluded in February after seven years of negotiations, is the first such agreement the European bloc has negotiated with another major industrialized economy.

It is seen by many EU officials as a model for future economic agreements with the bloc’s other large trade partners — including the likely one with the U.K.

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