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ARTICLE · 19 MAY 2017

CETA : How The Canada-Europe Trade Deal Will Affect Insurers

Clyde & Co
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In February the European Parliament voted by a wide margin to approve the Comprehensive Economic and Trade Agreement (CETA)...

GlobalInsurance
Nathalie David
Nathalie David
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In February the European Parliament voted by a wide margin to approve the Comprehensive Economic and Trade Agreement (CETA), aimed at strengthening investment between Canada and the EU. In the month of April, the EU trade commissioner stated that she believes that getting each EU member to follow suit should happen relatively "smoothly", a statement that is reinforced by the recent results of the 2017 French presidential elections.

And once Canada's Senate ratifies the deal, which is expected in the coming weeks, roughly 95 per cent of the deal will provisionally take effect soon thereafter.

So what does it all mean for European and Canadian insurers?

The answer, in the short term, is not much.

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