Share on LinkedInShare on LinkedIn

ARTICLE · 25 OCTOBER 2013

Canada And European Union Announce Sweeping Free Trade Agreement

The Canadian and European Union governments today announced an "agreement in principle" to enter into a wide-ranging free trade agreement.

CanadaAntitrust/Competition Law

The Canadian and European Union governments today announced an "agreement in principle" to enter into a wide-ranging free trade agreement. The Comprehensive Economic and Trade Agreement (CETA), if it is ultimately completed and ratified, would immediately eliminate 98% of all Canada-EU tariffs and would greatly facilitate trade, investment and the movement of labour between Canada and the EU.

According to a joint Canada-EU study at the launch of negotiations, the CETA could increase bilateral trade by 20% and yield an annual benefit of $12 billion to the Canadian economy. Both the Canadian and EU governments have expressed confidence that the CETA will be completed and fully ratified by 2015.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

See more popular content from