NEWS
Fri Oct 18, 2013 04:59 PM CDT

WINNIPEG (Dow Jones) -- A free-trade deal reached in principle between Canada and the European Union, announced Oct. 18, will open the door for increased exports of Canadian agricultural products to the EU, which was seen as good news by many Canadian trade groups. However, the door swings both ways, and the likely increase of European imports could hurt some domestic agricultural sectors.

Full details of the deal are still forthcoming and the actual agreement will take another two years before ratification. Canadian provinces and individual European governments also need to sign off on the Comprehensive Economic Trade Agreement.

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