Alberta stands to benefit from the new trade deal with the European Union, which remains on shaky ground.
University of Alberta Associate Professor of Political Science, Lori Thorlakson, said the Comprehensive Economic and Trade Agreement, or CETA, is looking to boost exports to the EU by about $12-billion.
Thorlakson told the Alberta Morning News, you just need consider which industries stand to gain, to know how important it is to our province.
“One would be mining, oil and gas products, not so much exports of raw materials, but in manufactured products from these industries,” said Thorlakson. “Right now, our raw materials enter Europe mostly duty-free, but there are tariffs on manufactured goods.”
Thorlakson explained the agricultural sector can also benefit, thanks to duty free exports of hormone-free pork, beef and bison. (scb)