The consolidated text of the EU-Canada Comprehensive Economic
and Trade Agreement (CETA) was officially signed and published by
both Canada and the EU on September 26, 2014, during a Canada-EU
Summit held in Ottawa.
The disclaimer attached to the Preamble states that the complete text of CETA
is presented for informational purposes only and it will still be
subject to legal reviews and formatting before becoming binding on
Canada and the EU, following a ratification process by both
parties. The text as it stands now reflects the understanding
between Canada and the EU at the conclusion of the negotiation
In the Joint Declaration of September 26, 2014, the
Prime Minister of Canada and the Presidents of the European Council
and the European Commission, recognize the importance of the CETA
as “a vehicle to create new prosperity on both sides of the
Atlantic,” and a means to “generate more trade and
two-way investment, and promote jobs and growth.” The European Commission describes these provisions
in the CETA as promoting and protecting investments and investors
by “removing and alleviating barriers” for EU investors
entering the Canadian market. The CETA ensures that that all
European investors in Canada are treated equally and fairly. A
further commitment is that neither Canada, nor the EU will impose
any new restrictions on foreign shareholding. The European
Commission further notes that the EU introduced strong guarantees
into CETA that preserve the member states governments’ rights
to regulate, to implement public policy rules, while avoiding any
abuse of these rules. Ratification of CETA in the EU may be
problematic because of opposition in some countries, notably
Germany, to the investor-state arbitration provisions in CETA.
During the summit, Canada and the EU also concluded the
negotiations for the Strategic Partnership between Canada and the
EU, agreement aiming to further strengthen the relationship between
Canada and the EU, in areas such as energy, research and
innovation, science and technology, and the Arctic.
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guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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