Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-04-20-Speech-2-268"
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"en.20100420.11.2-268"2
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"Since 1959, Canada has been one of the closest and most stable partners of the European Union. I am delighted that the economic situation has improved in Canada during the term of the current right-wing administration, which has not happened during previous electoral terms in this country.
The strengthening economic situation and the stronger Canadian dollar, which are leading to greater prosperity for Canadian citizens, have also sent a positive signal to other countries, creating favourable conditions for the development not only of political but also of economic cooperation. I believe that the EU-Canada Summit in Brussels will bring concrete progress in negotiations over a complex agreement on economic partnership.
Canada is the eleventh largest trading partner of the EU, accounting for up to 1.7% of overall foreign trade of the Union, and the EU is the second largest investor in Canada, while Canada is the fourth largest investor in the EU.
In 2008, the total volume of goods reached almost EUR 50 billion, while services accounted for EUR 20.8 billion. The liberalisation of trade in goods and services between the EU and Canada, along with greater access to markets, will make it possible to invigorate and deepen bilateral trade, which will certainly bring significant benefits to both the EU and the Canadian economies."@en1
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