30 Oct 2016
EU AND CANADA SIGN TRADE AGREEMENT – 30 OCTOBERBrussels Daily
CETA – trade deal
The EU and Canada sign a trade agreement, known as the Comprehensive Economic and Trade Agreement (CETA)
This deal will create jobs and growth by boosting trade and strengthening economic relations. CETA’s progressive nature will set a new global standard for sustainability chapters in trade agreements. 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 Geographical Indications. Companies in several sectors will also benefit from the gains derived from the elimination of double testing, in particular small and medium enterprises (SMEs).
With CETA, the EU and Canada are committed to ensure that economic growth, social development and environmental protection are mutually supportive.
Background and next steps
After signature, the European Parliament must give its consent to CETA for it to enter into force provisionally. Provisional application, once an agreement has been approved by Member States in the Council and by the European Parliament, allows European businesses and consumers to reap the benefits of the agreement early on, for those areas that fall under EU exclusive or shared competence.
For more information
Video clip: Why CETA? (Interviews and examples)
Publication: The Benefits of CETA and exporters’ stories
Concrete examples of trade benefits for European businesses
Find all information and background on the EU-Canada Trade Agreement