(S,P) Read a summary of the agreement and download interpretative guidance for rules of origin (P)
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The Canada-European Union Comprehensive Economic and Trade Agreement (CETA) is a bilateral agreement between Canada and the EU. The agreement covers virtually all sectors and aspects of Canada-EU trade in order to eliminate or reduce barriers.
Why CETA matters
CETA represents the best in international trade agreements. CETA sets new standards for trade in goods and services, non-tariff barriers, investment, government procurement, and other areas like labour and the environment.
The EU is one of the largest economies in the world and Canada’s second-largest trading partner after the United States. It is also the world’s second-largest importing market for goods. The EU’s annual imports alone are worth more than Canada’s GDP. By opening new markets in the EU to Canadian exporters, CETA gives us a competitive advantage in the global market, which benefits all Canadians.
CETA is helping to create jobs, strengthen economic relations and boost Canada’s trade with the world’s second-largest market.
What CETA covers
CETA covers virtually all sectors and aspects of Canada-EU trade in order to eliminate or reduce barriers:
Trade in goods: CETA eliminates tariffs and reduces barriers for virtually all sectors and aspects of Canada-EU trade.
Rules of origin: Canadian exporters have clear and favourable rules that consider the EU's and Canada’s supply chains to determine which products are considered originating and therefore eligible for preferential tariff treatment.
Customs and trade facilitation: Canada and the EU are working to keep customs procedures simple, effective, clear and predictable. This reduces processing times at the border and makes it easier to move goods between countries.
Regulatory cooperation and conformity assessment: CETA helps avoid unnecessary or discriminatory regulatory requirements. Canadian and EU regulators are collaborating to create regulatory measures that make it easier for Canadians to do business in the EU and vice versa.
Government procurement: Canadian and EU companies can bid on opportunities at all levels of government in the EU or Canada.
Trade in services and labour mobility: CETA provides EU and Canadian service providers with more business opportunities in Canada and the EU and makes it easier for certain skilled professionals to work temporarily in Canada and the EU.
Investment: Investment provisions in CETA are designed to give investors greater certainty, stability and protection for their investments and to provide access to an independent dispute resolution mechanism.
Sustainable development, labour and the environment: CETA includes clear commitments to uphold the EU's and Canada’s high standards and not to undermine them for commercial gain. Clear language confirms the right to regulate for all levels of government.
What it means for Canadian and EU businesses
Here’s how CETA helps businesses across Canada:
Competitiveness: Gives Canadian and EU businesses preferential access to one of the largest economies in the world.
Access to new clients: Allows Canadian and EU businesses to supply goods and services to all levels of EU and Canadian governments. It also offers new opportunities with regional and local governments.
Market transparency and stability: Sets requirements for product standards, investment, professional certification and other areas of activity. It also includes labour rights and environmental protection.
Reduced barriers to trade: Makes it easier to move goods across borders and for business people to get to the right place at the right time to pursue opportunities.
Summary of the agreement
Full CETA Trade Agreement
Press Release 2020 - Three Years on
Press Release 2021 - Four Years on
Download Interpretative Guidelines on Rules of Origin
(P) These are essential for businesses to assess if they meet the Rules of Origin which allow goods to benefit from preferential duties.
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