Canada, EU miss chance to ink trade pact this week due to 'technical problems'
OTTAWA - Canada and the European Union missed a chance to ink the final text of their long-sought free trade agreement this week as a series of familiar irritants reared their heads.
A EU briefing note says one of the obstacles is a disagreement over protection for intellectual property rights in the pharmaceutical sector.
The two sides reached an agreement in principle in October after Harper jetted to Brussels for a high-profile signing ceremony with European Commission President Jose Manuel Barroso.
At the time, there was much anticipation that a planned meeting in Paris this past Wednesday between Trade Minister Ed Fast and EU Trade Commissioner Karel De Gucht would produce the final text.
However, de Gucht said "technical problems" in three or four areas prevented he and Fast from sealing the deal.
A senior Canadian official says even if a text is released, the deal is still a long way off because both sides would still need to consult with their member countries and provinces, and then consult lawyers.
Read more Business News
- Sun ready to open new seasonBCFC - 5:00 am
- Gaza rally in PentictonPenticton / S. Okanagan - 5:00 am
- No booze for BoonstockPenticton / S. Okanagan
- Crash turns fatal on 97CCentral Okanagan - 7:51 am
|QHR Technologies Inc||1.15||-0.02|
|Anavex Life Sciences||0.275||-0.005|
|Copper Mountain Mining||2.82||0.00|
|Sunrise Resources Ltd||0.05||+0.025|
|Mission Ready Services||0.19||+0.01|
Photo: Thinkstock.comWays to reduce your Debt:Make a budget and get budget counselingA basic first step for debt reduction is to prepare a budget and plan your spending. Once you have a budget, you mu...
The Big Picture Geopolitical tensions rattle markets The spectre of rising geopolitical tensions in Ukraine and Gaza cast a shadow over an otherwise positive week in the markets. News that a passenger...
The mainstream media are finally waking up to something unusual in British Columbia – a labour shortage. If the experience of Alberta is a guide to our own future, the highly skilled labour will...