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ARTICLE · 26 SEPTEMBER 2017

CETA Now In Force: Are You Maximizing The Benefits?

Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
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Blake, Cassels & Graydon LLP

Blake, Cassels & Graydon LLP

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Following are ways for Canadian businesses to benefit from the CETA provisions, mainly focusing on goods.

CanadaInternational Law

On September 21, 2017, the Canada-European Union Comprehensive Economic and Trade Agreement (CETA) comes into force on a provisional basis. If they haven't already done so, it is now time for Canadian businesses to take steps to ensure that they are prepared to take advantage of the tremendous opportunities presented by the CETA.

HOW TO BENEFIT FROM CETA

Following are ways for Canadian businesses to benefit from the CETA provisions, mainly focusing on goods. However, CETA contains 30 chapters covering various subject matters. It is prudent for each Canadian business to consider how it may uniquely benefit from the CETA provisions that are now in force.

Tariff Elimination

Effective immediately on CETA implementation date, more than 98 per cent of Canadian tariff lines will become duty-free, with all tariff lines on non-agricultural goods being fully eliminated seven years after entry into force. Tariffs on products that will not become duty-free upon

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