CETA (The Comprehensive Economic Trade Agreement)
The Comprehensive Economic and Trade Agreement (CETA) is a free trade agreement between Canada and the European Union and its member states.
The Comprehensive Economic and Trade Agreement, abbreviated as CETA, represents a significant trade agreement between the European Union (EU) and Canada. This comprehensive deal was designed with the primary aim of strengthening economic connections and advancing trade liberalization between these two formidable economic entities. Furthermore, the negotiation process for CETA commenced in 2009 and successfully concluded in 2014. Subsequently, the agreement was officially implemented on September 21, 2017, marking a significant milestone in EU-Canada economic relations.
Benefits of CETA Include:
- Eliminating or reducing tariffs on nearly all goods traded between the EU and Canada
- Reducing barriers to trade in services
- Promoting investment
- Protecting intellectual property
- Facilitating cross-border movement of people