Canada-European Union: Comprehensive Economic and Trade Agreement (CETA)

The Canada and European Union (EU) Comprehensive Economic and Trade Agreement (CETA) is a high quality agreement that reinforces Canada’s fundamental relationship with the European Union. CETA covers all aspects of our broad trading relationship with the EU, including goods, services, investment, government procurement and regulatory cooperation. CETA will provide Canada access to the world’s largest market with more than 500 million people in 28 countries, with a combined GDP of $20 trillion.

On February 29, 2016, Canada’s Minister of International Trade, Chrystia Freeland, and the European Union’s Commissioner for Trade Cecilia Malmström announced the completion of the legal review of CETA. As part of the legal review, Canada and the EU agreed on modifications related to investment protection and investment dispute resolution provisions. The Agreement is currently undergoing translation into French, and the other 21 EU Treaty languages. Following translation, the process required to approve the agreement in Canada and the EU along with the steps necessary to bring policies, regulations and legislation into conformity with the obligations under CETA will begin.

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