Friday, 22 September 2017 13:42

CETA agreements gets under way

477 ceta
Canadians, including Canadian business owners of all sizes and from all sectors are poised to benefit from unprecedented access to the EU market of half a billion customers, with a GDP of $22 trillion and procurement opportunities worth $3.3 trillion.  The Canada-European Union Comprehensive Economic and Trade Agreement (CETA) has provisionally removed 98% of tariff lines—9,000 tariff lines—will be duty- free, whether it’s wind turbines, timber or medical devices heading to the European Union or French wine, Italian vinegar or German tools coming to Canada. This benefits Canadian and European Union exporters, importers and, ultimately, consumers, who will enjoy more choices and lower costs for a variety of products and services. Canadian exporters now enjoy unprecedented duty-free access to the world’s largest import market for agriculture and agri-food.  Canadian industry estimates CETA will boost agriculture and agri-food exports by up to $1.5 billion annually. This historic Agreement will give the sector a competitive advantage in the EU and help Canada move towards meeting its target to grow agri-food exports to at least $75 billion annually by 2025.

Read 1614 times Last modified on Friday, 22 September 2017 14:44
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