N.B. reacts to free trade agreement between Canada, EU
The New Brunswick government says the new free trade agreement between Canada and the European Union could bring positive economic opportunities for exporters in the province.
Treasury Board President Roger Melanson, who is also minister responsible for Trade Policy, said while most of New Brunswick's trade is within North America, the deal will help open new markets for the fisheries sector, and perhaps the forestry industry.
"CETA will open up new export markets for our seafood and aquaculture sectors," said Doucet. "Tariffs were the biggest obstacle to export growth. CETA removes that obstacle."
When the Comprehensive Economic and Trade Agreement is fully implemented, 99 per cent of EU tariff lines will be duty-free.
Currently, only 25 per cent are duty-free for Canadian goods.
The House of Commons passed legislation to adopt CETA on Tuesday, and final approval is expected as early as May or June.