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« Hinkley Point: nuclear power plant gamble worries economic analysts | Main | Greenland lift for uranium junior »
Thursday
Oct312013

Trade deal opens door to EU investors

 

A comprehensive trade accord agreed in principle between Canada and the European Union (EU) will ease restrictions on European investment in Canada, including in the uranium mining sector. 

Described by Canadian prime minister Stephen Harper as the "biggest, most ambitious trade agreement that Canada has ever reached," the Comprehensive Economic and Trade Agreement (CETA) will be the first free trade agreement between the EU and a G8 country. It will remove over 99% of tariffs between the two economies and create new market access opportunities for both sides. Overall, the wide-ranging agreement is expected to bolster the EU's GDP by around €12 billion ($16.5 billion) per year.

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