Canadian Prime Minister Stephen Harper's spokesman today poured cold water on widespread speculation that a Canada-EU free trade deal would be announced when he travels to Europe next week.
"We're actually trying to sign the most comprehensive trade agreement that Canada has ever signed... And we're not there," Harper's communications director, Andrew McDougall, told a media briefing.
"We're down to a few outstanding issues..., negotiations are ongoing and I don't expect that we'll be in a position to sign a deal next week."
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Thereafter, the prime minister joins other G8 leaders in Lough Erne in Northern Ireland for an annual summit.
A transatlantic deal would give Canadian companies access to 500 million European consumers and eliminate 98 per cent of Canadian tariffs on EU goods.
Negotiations started in 2009 with the expectation they would be concluded by late 2012, but they became deadlocked over a few holdout issues, mainly in agriculture.