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PREMIER WELCOMES AGREEMENT ON CANADA-EUROPEAN UNION TRADE DEAL

Released on October 18, 2013

Premier Brad Wall has congratulated Prime Minister Stephen Harper on today’s announcement of an agreement in principle on a comprehensive free trade deal between Canada and the European Union (EU).

“The federal government has struck a good deal for Canada and for Saskatchewan and our government will support it,” Wall said.  “It has been a long process to reach this stage, but we can now look forward to an agreement that will open markets for Saskatchewan businesses and exporters to the European Union, particularly for our province’s agricultural products.”

The Canada-European Union Comprehensive Economic and Trade Agreement (CETA) will provide Saskatchewan’s agricultural producers in areas like beef, bison and grain with significant new access to the EU.  National estimates for increased activity for the Canadian agriculture sector as a whole through CETA total $1.3 billion.

The new agreement will also ease Canadian restrictions on EU investment, including in the uranium mining sector.  These changes will make Saskatchewan much more attractive for EU investment in uranium mining projects and, in particular, create more economic opportunities and benefits for the people and communities of northern Saskatchewan.

“Saskatchewan led the push to ease the restrictions that existed around uranium mining investments here,” Wall said.  “We could see as much as $2.5 billion in investment spending and the creation of more than 1,200 jobs over the next 15 years as a result of these changes.  We are a province of traders, active in the global marketplace, and our Plan for Growth calls for us to double our international exports by 2020.  Trade agreements like CETA will help us reach those goals while creating jobs and prosperity for Saskatchewan people.”

Negotiations on CETA began in 2009.  Canada’s premiers were instrumental in laying the groundwork for Canada and the EU to launch those negotiations.

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For more information, contact:

Kathy Young
Executive Council
Regina
Phone: 306-787-0425
Email: kathy.young@gov.sk.ca
Cell: 306-526-8927

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