2016-10-27reuters.com

Belgium's regions agreed to a free trade pact with Canada on Thursday, ending weeks of uncertainty when internal divisions in just one country blocked the European Union of 500 million people sealing the landmark deal.

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The premier of the Flemish region [Wallonia], Geert Bourgeois, said the original 1,598-page text of the trade deal stood.

"This is a clarification, the actual treaty does not change," he said.

Canada has already agreed to a binding declaration to answer concerns raised by others, notably Austria, principally setting out the right of governments to regulate.

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Belgium will ask the European Court of Justice whether the investment protection system is in line with EU rules, with Wallonia still expressing reservations. Friends of the Earth described these as potential time bombs under the deal.

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Supporters say the deal will boost the EU economy by 12 billion euros ($13 billion) per year and Canada's by C$12 billion ($9 billion) at a time of low growth. For Canada, it reduces reliance on the U.S. export market.



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