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Canada has been a vital trading partner for the European Union for a long time. Almost a quarter of Canadian investment abroad is in the EU, and equally almost a quarter of foreign investment in Canada comes from the EU. The EU and Canada concluded a Framework agreement for Commercial and Economic Cooperation, in 1976.

The decision to launch negotiations on a EU-Canada Free Trade Agreement was taken at the EU-Canada summit, on 6 May 2009, in Prague. The European Services Forum has closely monitored these negotiations since then. From our point of view, the North American Free Trade Agreement (NAFTA), which Canada concluded with Mexico and the USA, in 1994, should serve as an example for the agreement to be achieved between the EU and Canada.

Both the EU and Canada support an open international trading system regulated and negotiated within the framework of the World Trade Organisation.

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