Tag Archives: Canada

CETA enters into force

This agreement encapsulates what we want our trade policy to be – an instrument for growth that benefits European companies and citizens, but also a tool to project our values, harness globalisation and shape global trade rules. This trade deal has been subject to an in-depth parliamentary scrutiny which reflects the increased interest of citizens in trade policy. The intense exchanges on CETA throughout this process are testimony to the democratic nature of European decision making and I expect Member States to conduct an inclusive and thorough discussion in the context of the ongoing national ratification processes of the agreement. Now it’s time for our companies and citizens to make the most out of this opportunity and for everyone to see how our trade policy can produce tangible benefits for everyone”. Said  President of the European Commission Jean-Claude Juncker welcoming this milestone in the EU’s trade policy.

The Comprehensive Economic and Trade Agreement (CETA) between the EU and Canada enters into force provisionally.

Commissioner for Trade Cecilia Malmström said: “Things are about to change for our exporters. The provisional entry into force allows EU companies and citizens to start reaping the benefits of this agreement right away. This is a positive signal for the global economy, with the potential to boost economic growth and create jobs. CETA is a modern and progressive agreement, underlining our commitment to free and fair trade based on values. It helps us shape globalisation and the rules that govern global commerce. Moreover, CETA underlines our strong commitment to sustainable development and protects the ability of our governments to regulate in the public interest. This agreement also vastly strengthens our relationship with Canada, a strategic partner and ally with whom we have deep historical and cultural ties.

The provisional application of CETA on 21 September follows its approval by EU Member States, expressed in the Council, and by the European Parliament.

It will only enter into force fully and definitively, however, when all EU Member States have ratified the Agreement. The Commission will work with EU Member States and Canada to ensure its smooth and effective implementation.

Brussels: MEPs approve CETA

BELGIUM-EU-US-CANADA-TRADE-DEMO

The EU-Canada Comprehensive Economic and Trade Agreement (CETA), which aims to boost goods and services trade and investment flows, was approved by the International Trade Committee on Tuesday. The full House is to vote on the deal in February.

“By approving CETA today we take a significant step forward. In the face of rising protectionism and populism, Parliament is able and willing to act on behalf of European citizens. I stand for a strong and global Europe and for open markets. Ratifying this agreement with Canada will enable trade to continue to bring wealth to both shores of our transatlantic friendship.  The duty of our governments is to ensure that each and every one of us benefits from this wealth”, rapporteur for the CETA agreement Artis Pabriks (EPP, LV) said before the vote.

The draft recommendation was passed by 25 votes to 15 with 1 abstention.

Business opportunity in Canada

MVI_6333.MOV.Still0013Canada is open for business. Canada is the best country in the G-20 for business according to both Forbes and Bloomberg and the easiest place to start a business in the G-20, according to the World Bank.

Overall business costs in Canada continue to be the lowest in the G-7 and are now 14.6% lower than the U.S., according to KPMG’s 2016 Competitive Alternatives Report.

At the European Business Summit held in Brussels the 1-2 June the Mission of Canada to the European Union presented its business opportunity and the new CETA agreement (Comprehensive Economic and Trade Agreement) between the EU and Canada about to be implemented.

This freshly negotiated agreement tackles a whole range of issues to make business between European Union and Canada easier. Besides the economic gains of this agreement, conditions are included to guarantee the sustainability of democracy, environment and consumers’ health and safety. These and other issues were discussed in an interview with Mr. Jean-Paul Lemieux Head of Trade, Economic and Science of the Mission of Canada to the European Union.

Interview: Federico Grandesso

Video: Henry Borzi