On September 26, 2014, the Canadian Government and the European
Union (EU) released the legal text of the Canada
and European Union Comprehensive Economic and Trade Agreement
(CETA). In our November 2013 Osler Update, we set out our detailed analysis of the CETA based on the
information available as of that time.
The CETA is notable for many reasons, not least is the fact that
it is the largest and most comprehensive international trade and
investment agreement entered into by Canada since the
implementation of the North American Free Trade Agreement
in 1994 and Canada's accession to the World Trade
Organization Agreements in 1995.
CETA is being touted by Canada and the EU as "the beginning
of a new, dynamic chapter in relations between Canada and the
EU." In addition to modernizing trade-related rules, the
agreement provides new opportunities in government procurement and
Some key aspects of the CETA are:
Benefits for Canadian manufacturers and producers
exporting to the EU, including in the automotive, chemicals,
plastics, agri-food, forest products, fish and seafood, and metal
Improved access to EU markets for goods and services;
Greater protection for investments in EU markets; and
New opportunities in EU procurement markets.
In the agricultural sector, EU tariffs on products like maple
syrup, fruit, vegetables, processed pulses and grains, and sugar
confectionary will be eliminated immediately upon the agreement
coming into effect. Other products, like pork and beef, will be
duty-free but quota-limited.
The Canadian market will also be significantly liberalized with
92% of agricultural tariff lines set at 0% immediately on entry
into force of the CETA, subject to notable exclusions including for
poultry and eggs. With respect to manufactured goods, all Canadian
tariffs will be removed, with a transition period lasting no longer
than seven years.
With 2016 as the target for implementation, it is critical for
Canadian businesses to strategically evaluate how to effectively
compete in the liberalized trade and investment landscape. In the
coming weeks, we plan to issue further analysis based on the CETA
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
While that agreement mandated export measures on Canadian softwood lumber exports destined for the United States, it also protected those lumber exports from the potential imposition of onerous import measures by the U.S.
On September 29, 2016, the Supreme Court of Canada issued its first tariff classification decision since Canada signed the International Convention on the Harmonized Commodity Description and Coding System in 1998.
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).