The ink has dried on the Comprehensive Economic and Trade Agreement, known as CETA. Prime Minister Justin Trudeau and European leaders signed the deal in Brussels Sunday morning.
Trudeau had initially expected to sign the deal in Brussels days ago, but a small Belgian region, Wallonia, put a halt to the deal due to opposition to the pact’s investor-state dispute settlement mechanism.
The dispute was settled and a deal was eventually reached after seven years of negotiations that began under the Harper Conservative government.
Supporters of the deal say it will boost trade by billions by cutting tariffs across many sectors including agriculture, pharmaceuticals and the auto industry.