CETA, the Comprehensive Economic Trade Agreement between Canada and the European Union came into provisional effect after almost a decade of negotiations on September 21st 2017. As we celebrate the third anniversary, we take a look at the impact it has had on trade.
Customs duties or tariffs were eliminated on most products and the Agreement opened opportunities for manufacturers, exporters, importers, wholesalers, distributors and retailers on both sides of the ocean. In addition to making European and Canadian products more competitive in our mutual markets, it created new openings for services and public procurement in both directions, both at the national and provincial level.
Dutch exports to Canada rose 16% in the first two years. Canadian exports to the Netherlands rose a massive 68% during the same period.
You can see the figures for all of the EU countries here.