Saturday, October 25th10.4°C
23888
23488

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.

The Canadian Press


Read more Business News

23825


Recent Trending




Today's Market
S&P TSX14543.82+56.99
S&P CDNX805.45-3.15
DJIA16805.41127.51
Nasdaq4483.715+30.923
S&P 5001964.58+13.76
CDN Dollar0.8901-0.0003
Gold1231.20+2.10
Oil81.02-0.73
Lumber336.40+6.80
Natural Gas3.631+0.009

 
Okanagan Companies
Pacific Safety0.105-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.15-0.02
Cantex0.07+0.015
Anavex Life Sciences0.194-0.004
Metalex Ventures0.045+0.005
Russel Metals33.39+0.23
Copper Mountain Mining2.03-0.05
Colorado Resources0.145+0.005
ReliaBrand Inc0.012-0.001
Sunrise Resources Ltd0.05-0.01
Mission Ready Services0.445+0.035

 





FEATURED Property
1799753522 - 3880 Truswell Road, Kelowna, bC
3 bedrooms 4 baths
$775,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


What I learned in China

Photo: ContributedI will never be an expert on China. It is just too big, too complex and too old with layers of history and meaning that would take several lifetimes to unravel. As I said to my hosts...


We can get on together

I was in LA this week. I witnessed such crazy and unusual circumstances as I strolled along Hollywood Blvd and Sunset Blvd. A far cry from sleepy Peachland in the Okanagan! The strange thing was, I f...


Weakening global growth worries

The Big Picture Growth worries persist Worries about weakening global growth and its potential impact on the US economic recovery roiled markets around the globe this week. Europe continues to be the ...

_








Member of BC Press Council


23741