Germany to renounce EU-Canada trade deal

Source: Reuters
© Scanpix/Reuters

Germany is to turn down a multi-billion free trade contract between the EU and Canada, which is to the great extent seen as the basis for the bigger agreement with the U.S. The German diplomats believe the government could not negotiate the agreement with Canada on current terms. The deal with Canada could raise the bilateral trade by a fifth to 26 billion Euros a year.  

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