Canadian Senate Ratifies Canada-European Union Trade Agreement

Posted by Sarah Lilly on 6/2/17 5:06 PM

On May 11, 2017 the Canadian Senate’s standing committee ratified the Canada-European Union Comprehensive Economic Trade Agreement (CETA). Though not confirmed at this time, the implementation date is tentatively scheduled for July 1st, coinciding with Canada Day.

To qualify for the CETA trade agreement, products must be deemed originating. Qualifying products will be subject to a zero rate of duty.

Additionally, CETA will:

Increase duty-free tariffs between Canada and the EU
Provide favorable Rules of Origin
Simplify Customs and Trade Facilitation
Protect Workers Rights’ and the Environment

An outline of CETA issued by the Canadian Government can be accessed at:

http://www.international.gc.ca/trade-commerce/trade-agreements-accords-commerciaux/agr-acc/ceta-aecg/index.aspx?lang=eng

Additional information on the Rules of Origin under CETA can be accessed at:

http://international.gc.ca/trade-commerce/trade-agreements-accords-commerciaux/agr-acc/ceta-aecg/text-texte/P1.aspx?lang=eng

Topics: CETA

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