Comprehensive Economic and Trade Agreement (CETA) with Canada

Download or read book Comprehensive Economic and Trade Agreement (CETA) with Canada written by Wilhelm Schöllmann and published by . This book was released on 2016 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: EU-Canada negotiations for a Comprehensive Economic and Trade Agreement (CETA) started in May 2009 and were declared concluded at the EU-Canada Summit on 26 September 2014. The agreement's overall aim is to increase flows of goods, services and investment to the benefit of both partners. For the EU, CETA represents the first comprehensive economic agreement with a highly industrialised Western economy. Except for a few sensitive agricultural products, the agreement would remove practically all tariffs on goods exchanged between the two partners. Canada would substantially open up its public procurement at both federal and sub-federal level, thereby eliminating a major asymmetry in access to each other's public procurement markets. The EU succeeded in securing protection for a large number of European Geographical Indications (GIs) on the Canadian market. Provisions on sustainable development should ensure that trade and investment do not develop to the detriment of, but rather support, environmental protection and social development. On 5 July 2016, the Commission made three proposals for a Council decision with respect to CETA: to sign the agreement, on provisional application, and on conclusion. The Council and Member States have had difficult discussions on the conditions under which CETA can be signed. The consent procedure can be launched once the proposal to conclude the agreement has officially reached the European Parliament. First edition. The ‘International Agreements in Progress’ briefings are updated at key stages throughout the process, from initial discussions through to ratification.