Canada-European Union trade agreement benefits for small and medium-sized enterprises

Canada-European trade agreement benefits for small and medium-sized enterprises

Expanding into new foreign markets can be challenging, especially for small and medium-sized enterprises (SMEs). Canada and the EU recognize the importance of SMEs in the creation of high-quality jobs and in advancing inclusive economic growth. They are committed to helping SMEs better participate in international trade and regional supply chains by breaking down barriers.

Benefits for SMEs

SMEs represent over 99% of Canadian businesses and almost 90% of all private-sector jobs in Canada. They form the backbone of the Canadian economy and are integral to economic prosperity across the country. As of 2017, nearly 12% of SMEs exported goods and services and accounted for 42% of the total value of Canadian exported goods. Trade agreements, such as the Canada-European Union Comprehensive Economic and Trade Agreement (CETA), can help SMEs expand their businesses and take advantage of new opportunities in markets abroad.

CETA benefits SMEs in Canada and in the EU. It enhances their ability to participate in and benefit from the opportunities created by the agreement and international trade by:

Tools and Resources for SMEs

Additional resources for SMEs

European Union

CETA market information

Discover the EU market and find the relevant market analysis and contact information to start trading in the EU.

The EU’s markets

Learn more about the dynamic markets that make up the EU and the unique qualities of the world’s most integrated economy.

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