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To: TobagoJack who wrote (38245)9/17/2003 11:34:38 PM
From: Cogito Ergo Sum  Respond to of 74559
 
Gee someone sounds like me :o) It is relative Jay and it will appreciate. I'm just not sure it will follow the same path as the remaining world currencies... Watch for our trade to increase with Asia and Europe and I would be more convinced.. Like ROC many here do not want a currency re-evaluation relative to the US, not surprisingly for some similar reasons I guess..

regards
Kastel

Maybe this is a start :o)
webfin.com

Canadian Wines To Enter Europe
Canada (Sep. 17, 2003 - 06:51)

NIAGARA-ON-THE-LAKE, Ont. (CP) -- European Union and Canadian officials signed an historic agreement Tuesday that will allow Canadians to sell wine and spirits to Europe.

Canadian vintners had previously been virtually shut out of the European market -- aside from a three-year-old agreement allowing the sale of ice wine -- while Europeans exported here.

"The agreement will bring benefits to both Canadian and European exporters of wine and spirits," said International Trade Minister Pierre Pettigrew.

"Canadians currently enjoy a wide selection of wines and spirits from Europe. Our sincere hope is that Europe will also enjoy the innovative and noteworthy selection of quality wines and spirits being produced in Canada."

Notably, the agreement allows for the export of Canada's flagship products into the European Union: ice wine and whisky.

Under the agreement, Canada will now be able to sell its products abroad, while domestic wineries may still operate their own private outlets domestically.

"Europe is the centre of the universe for wine," said Don Ziraldo, co-founder of Inniskillin Wines in this southern Ontario community, where the signing ceremony took place.

Inniskillin recently took the best sweet wine award at Vinexpo in Bordeaux, France for its 2002 aged ice wine.

"The recognition is that we are now a part of the global wine community," he said.

The agreement also provides a framework for managing future grievances in a co-operative manner.

Trade talks between Europe and Canada over the wine industry have been at times marked by hostility over the past two decades.

Italian Minister for Foreign Trade Adolfo Urso said through an interpreter that the wine agreement may help future trade talks between Canada and the EU.

"Wine is a wonderful symbol of what globalization is about," said Urso. "I really hope that this agreement will open the way to other kinds of initiatives because let's not forget that while wine brings all sorts of material benefits, wine also carries the values of cultures which come over here and mingle in a very enriching way."

Federal Agriculture Minister Lyle Vanclief said the regulations for the agreement will take about three to six months to complete.

Currently, Canada imports upwards of $535 million in wines from EU countries, while exporting only about $400,000 of wine to the entire EU market.

(Hamilton Spectator)

This article is issued by Webfin(www.webfin.com).
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