BERLIN (Reuters) - Germany's Bundestag lower house of parliament voted by a majority on Thursday to back the ratification of the European Union's free trade agreement with Canada, five years after it provisionally went into force.
BERLIN (Reuters) – Germany’s Bundestag lower house of parliament voted by a majority on Thursday to back the ratification of the European Union’s free trade agreement with Canada, five years after it provisionally went into force.
The Comprehensive Economic and Trade Agreement (CETA) has been provisionally applied since 2017, which means some 98% of customs duties have been abolished on all goods traded between the bloc and Canada.
However, it can only enter fully into force after all 27 member states have ratified the agreement. Several member states, including Italy and France, have yet to ratify the agreement. Canada has already ratified it.
German Foreign Minister Annalena Baerbock said during a visit to Canada in August that the agreement still had great potential, including increasing cooperation on important minerals and, in future, hydrogen.
(Reporting by Christian Kraemer; Writing by Miranda Murray; editing by Matthias Williams)
Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products: