The Government of Canada has introduced legislation for a comprehensive economic and trade agreement (CETA) with the European Union (EU).
CETA was signed at the 16th Summit between Canada and the EU on 30 October, the implementation was included in the bill in the House of Commons Canadian Minister of International Trade Chrystia Freeland 31 October. He also made an agreement in the House of Commons.
Freeland said: “By ratifying the CETA Canada to once again demonstrate its leadership on progressive international trade. This is the gold standard agreement that paves the way for a new generation of trade agreements that give priority to public services, the environment and labor rights.”
After the entry into force of the agreement, 98 percent of EU tariff lines would be duty-free goods that occur in Canada. For seven years after the entry into force of CETA, 99 percent of tariff lines would be duty-free EU. Customs duties on industrial goods traded between the EU and Canada, will be eliminated after seven years, and almost 92 percent of agricultural and food products the EU will be exported to Canada duty free