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Newfoundland and Labrador

Creating economic opportunities for Newfoundland and Labrador

Newfoundland and Labrador stands to benefit significantly from preferential access to the EU market. The EU is already Newfoundland and Labrador’s second-largest export destination and second-largest trading partner. Once in force, CETA will eliminate tariffs on almost all of Newfoundland and Labrador’s exports and provide access to new market opportunities in the EU. Exporters will also benefit from improved conditions for export. For example, CETA includes provisions that ease regulatory barriers, reinforce intellectual property rights and ensure more transparent rules for market access. CETA will provide Newfoundland and Labrador exporters with a competitive advantage over exporters from other countries that do not have a free trade agreement with the EU.

Merchandise exports from Newfoundland and Labrador to the EU (2011-2015) (value in millions of Canadian dollars)
Value in millions of Canadian dollars1,865.12,282.72,750.04,161.91,791.9
Principal merchandise exports from Newfoundland and Labrador to the EU, by sector (annual average, 2013-2015) (value in millions of Canadian dollars)
Metals and mineral productsFishing and fish productsOther (including agriculture and agri-food, chemicals and plastics, forest products, information and communications technologies, advanced manufacturing)
Value in millions of Canadian dollars2,676.7153.131.3

Eliminating tariffs on exports

Opening new markets for service suppliers

Improving certainty for investments

Securing access to EU procurement opportunities

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