(Gordon Isfeld – Financial Post)
Boost comes despite EU's flat economy
Canadian exports to the European Union have climbed a whopping 40 percent in the past year, more than double the increase in the value of shipments to the United States during the same period – although far behind our largest trading partner in total money terms.
Still impressive, nonetheless.
That’s why Ottawa has coveted the EU market for years, finally reaching a free-trade agreement with Brussels in October of last year to open up exports to the 28-nation bloc even wider. When the deal is ratified in about two years – barring complications – Canada’s economy can expect an annual boost of $12 billion.
The EU is already Canada’s No. 2 trading partner, and growing. Read more here.