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EU trade commissioner says CETA respects EU standards

Xinhua, March 28, 2017 Adjust font size:

The Comprehensive Economic and Trade Agreement (CETA) between the European Union (EU) and Canada would respect EU standards and values, visiting EU commissioner Cecilia Malmstrom said here Tuesday.

CETA would not lower existing standards for the protection of labor rights, environment and food safety, she said in her address to the Croatian parliament.

The treaty would bring many advantages, including lower customs duties and simplified procedures, she said, adding it would make Croatian companies more competitive.

Croatia will CETA this summer, Croatian Prime Minister Andrej Plenkovic said after discussing EU's common trade policy with Malmstrom.

The EU's common trade policy has contributed to economic growth, he added.

Croatia annually exported 200 million kuna (about 29 million U.S. dollars) worth of commodities to Canada, as well as 450 million kuna in transport, telecommunications and tourism services, according to local media. Endit