Starting today, under the Canada-European Union Comprehensive Economic and Trade Agreement (CETA); Canadians, including Canadian business owners of all sizes and from all sectors are poised to benefit from unprecedented access to the EU market of half a billion customers, with a GDP of $22 trillion and procurement opportunities worth $3.3 trillion.
CETA sets new and progressive standards for Canada’s future free trade agreements
The Honourable François-Philippe Champagne, Minister of International Trade, today was joined by representatives of the Canadian and European Union business communities at the Port of Montreal to mark a new chapter in the relationship between Canada and the EU. CETA ensures small and medium-sized businesses can compete and win and young entrepreneurs can ensure their future prosperity. It is by far Canada’s most modern, progressive and ambitious trade initiative, and it puts middle-class Canadians at the heart of the Government of Canada’s trade agenda.
With provisional application in force as of today, 98% of tariff lines—9,000 tariff lines—will be duty- free. This benefits Canadian and European Union exporters, importers and, ultimately, consumers, who will enjoy more choices and lower costs for a variety of products and services. Additional opportunities will come as a result of increased market access for goods, commitments on trade in services and labour mobility, as well as increased access to government procurement.
“Today marks an important moment for progressive trade in the world. And with it, Canada and the European Union have made history. I am pleased to be joined today by representatives of Canadian businesses of all sizes, including those that are owned by women, youth and Indigenous groups, to mark the date on which the middle class and those working hard to join it will have countless new opportunities to compete and win in the European Union and create good jobs at home.”
– François-Philippe Champagne, Minister of International Trade
“The Government of Quebec has been one of the main promoters of CETA, an agreement that will facilitate trade in goods, the mobility of individuals and the movement of capital. We are especially proud to announce today the provisional application of this agreement, which will stimulate investments, partnerships and business opportunities that benefit Quebec’s economy.”
–Dominique Anglade, Minister of the Economy, Science and Innovation and Minister responsible for the Digital Strategy
The ICCC offers a complete range of business-consulting services for companies interested in doing business or investing in Italy or EU. We provide support throughout the entire strategic planning process, from market assessment and business intelligence to the selection of partners and collaborators.
Overview of CETA : CETA Overview