Hints to Remember
European Union and Canada
signed the Comprehensive Economic and Trade Agreement (CETA)
published on 30th
European Union and Canada has recently signed the Comprehensive Economic and Trade Agreement (CETA), a landmark trade deal.
The deal was signed in Brussels by Canadian Prime Minister Justin Trudeau and top EU officials.
All 28 EU states approved the deal when consensus was reached.
About Comprehensive Economic and Trade Agreement (CETA):
Comprehensive Economic and Trade Agreement (CETA)
is a free free-trade agreement (FTA) between Canada and the EC. It aims to revoke roughly 9,000 tariffs, covering many industrial goods and agricultural and food items.
It links single European Union market with Canada, world’s 10th largest economy. It will add around €11.6 billion to the EU economy and around €8.2 billion to Canada’s economy It also promises to open up competition and cooperation in the services sector ranging from regulations, to financial services, and telecoms.
It remove customs duties, open-up the services market, end restrictions on access to public contracts, offer predictable conditions for investors and help prevent illegal copying of EU innovations and traditional products.
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