Readers like you keep news free for everyone.

More than 5,000 readers have already pitched in to keep free access to The Journal.

For the price of one cup of coffee each week you can help keep paywalls away.

Support us today
Not now
Sunday 24 September 2023 Dublin: 16°C
Canadian Mounted Trooper/via Shutterstock
# oh canada
Irish trade to Canada set for €1.2 billion boost
EU deal could be worth €26 billion overall.

IRISH EXPORTS TO Canada could double under a new trade agreement recently signed by the EU.

The European Movement Ireland is predicting that exports could grow by as much as €1.2 billion as a direct upshot of the deal.

The impact of the Canadian trade deal, along with another pact with the US which is in the works, was discussed at a seminar in Dublin this morning that was attended by Minister for Transport, Tourism and Sport Leo Varadkar.

Also at the meeting was the EU’s top civil servant, Catherine Day.

Paul Mahon, president of Canadian insurance powerhouse Great-West Lifeco, which bought Irish Life last year, predicted a boom in transatlantic trade spurred on by the Comprehensive Economic and Trade Agreement (CETA).

“It is estimated that CETA could raise bilateral trade by 23 per cent of €26 billion. The benefist are expected to be €11.6 billion for Europe and €8.2 billion for Canada.”

Catherine Day said that “Ireland is well placed to take up and and benefit from these opportunities as economic recovery in the EU strengthens”.

Enda and Dave on tour: Taoiseach suggests joint trade mission with  Cameron>

Chinese middle classes hungry for Irish goods>

Your Voice
Readers Comments
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.