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VCI welcomes trade agreement between EU and Canada, sees growth potential for German chemicals

11:48 AM MDT | October 6, 2014 | Michael Ravenscroft

Germany’s chemical industry association VCI (Frankfurt) says it welcomes the recent announcement of a comprehensive economic and trade agreement (CETA) between the European Union and Canada. The agreement provides the chemical industry with considerable growth potential with access to a sales market with a value of €35 billion ($43.8 billion), according to VCI. German chemical exports to Canada were worth just €1.4 billion in 2013, VCI says. VCI dismisses criticism from opponents of free-trade agreements regarding rules on investor protection...

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