In what is being heralded as a "new day" for Canada's uranium market, a comprehensive trade accord — agreed to in principle — could spell the end of restrictions on European investment in Canada.a Canadian Prime Minister Stephen Harper has called the the Comprehensive Economic and Trade Agreement (CETA) the "biggest, most ambitious trade agreement" that Canada has ever embarked upon. It is also the first time a free trade agreement has been laid out between the European Union (EU) and a G8 country. CETA will create new market access between Canada and the EU, at the same time removing 99 percent of tariffs between the two economies. The "wide-ranging agreement is expected to bolster the EU's GDP by arounda€12 billion ($16.5 billion) per year,"aaccording toa World Nuclear News. Out with the old Canada's trade restrictions have been in place since 1970, when Ottawa introduced the non-residential ownership policy (NROP). However, because they came about as a result of Cold War concerns relating to nuclear proliferation, they have become increasingly dated, the Financial Postastates . Of all the provinces and territories involved in the uranium industry in Canada, Saskatchewan holds the largest share. As a result, the province has missed out on some serious investment from foreign companies. Saksatchewan welcomes new trade regulations The new trade deal is being viewed as a win for Saskatchewan, which stands to gain billions of dollars in investment in its uranium resources.aCurrently, trade regulations make it so that foreign ownership in any uranium project is capped at 49 percent. Should the trade regulations change, the province could see up to $2.5 billion in investment over the next 15 years.