Maersk will launch a new container-line service (“Med-Montreal”) between two Canadian ports and five Mediterranean ports in anticipation of increased trade flows following the CETA trade deal. While trade between Canada and the EU reached $14.5 billion in the 12 months to March 31 the growth potential has yet to be felt. Trade between Canada and the three European countries covered (France, Italy and Spain) fell 3% in the first quarter after increasing by just 2% annually in the past three years due to weak Canadian exports. The service will also help the Port of Montreal, which has alre...
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