The Comprehensive Economic and Trade Agreement (CETA) is a trade agreement between the EU and Canada. Negotiations on this agreement started in 2009. The goal is to strengthen the economic cooperation between the two parties, to make it easier to trade and to reinforce the rules based trading system by setting high standards together. The trade deal was approved in a session on 15th February 2017.
This deal will create new opportunities for EU companies by boosting trade and strengthening economic relations. It will make business with Canada easier, remove customs duties, substantially improve access to public contracts, open up new sectors of the Canadian services market, offer predictable conditions for investors, and protect 143 European high quality agri-food products, known as Geographical Indications. Companies in several sectors, in particular small and medium enterprises (SMEs), will also benefit from the gains derived from the elimination of double testing.
Under the terms of the CETA deal, most tariffs will be removed and more geographical indications (GIs) will be recognized. CETA can build bridges, instead of a wall, for the prosperity of citizens and will be a lighthouse for future trade deals all over the world. Thanks to our 11 offices worldwide on 4 continents, we can help companies entering European and Canadian markets successfully. Want to know more about our services? Please contact us.