October 18, 2013 – Halifax, N.S. – The Halifax Port Authority is pleased to see the Federal Government sign the Comprehensive Economic and Trade Agreement today with the European Union.
This important trade deal will create new opportunities for the Port of Halifax due to its location as the closest deep water North American port to northern Europe and the Mediterranean with strong links to the central Canadian market through rail and highway connections. There are several direct shipping routes connecting the Port of Halifax to countries in northern Europe and the Mediterranean.
“This milestone trade agreement with the European Union will lead to an increase in cargo activity through the Port of Halifax,” said Karen Oldfield, President and CEO, Halifax Port Authority. “An increase in trade with Europe will have long-term economic benefits for the Port of Halifax as a result of increased trade volumes.” Recent investments and ongoing capital projects position the Port of Halifax to be highly competitive with new infrastructure and seamless intermodal connections. “As one of Canada’s leading ports with Europe, the Port of Halifax stands ready to facilitate the increase in trade between Europe and Canada that this landmark agreementwill bring,” said Oldfield.
CETA is widely regarded as Canada’s most important trade agreement since the North American Free Trade Agreement, signed with the U.S. and Mexico in 1994.
Halifax Port Authority