A strong supporter of free trade, Canada has always been a natural ally for the EU. In 2016, Canada was the EU's 10th most important trading partner, accounting for 1.9 % of the total external trade with the EU. In turn, as Canada's second most important trading partner, the EU accounted for around 9.6 % of Canada's total external trade and the total value of the two-way trade between the EU and Canada was €64.3 billion for goods and €30.1 billion for services (2015). For more information on EU-Canada trade, please click here.
EU-Canada trade and economic activity will be further boosted by the Comprehensive Economic and Trade Agreement (CETA). Signed at the EU-Canada Summit in Brussels in October 2016, this agreement is not just one of the most ambitious trade agreements, the EU has ever concluded, it is also the most progressive. CETA goes beyond just removing customs duties and contains ambitious chapters on sustainable development, labour and the environment. It offers significant benefits for the economies, businesses and consumers in both Canada and the EU.
After approval in the European Parliament in February 2017, CETA was adopted by both chambers of the Canadian Parliament and Royal Assent was granted by the Governor General on 16 May 2017. CETA will take full effect once all the national parliaments of the EU Member States have also ratified the agreement, as the agreement was concluded as a so-called mixed EU agreement. This procedure has been completed already in Latvia, Denmark, Spain, Croatia, Malta, the Czech Republic, Estonia and Portugal, and is well underway in a number of other EU Member States.
However, provisional application of the vast majority of CETA will allow for a meaningful application of its substance right from the start. The European Commission and the Canadian government have agreed to set the date of 21 September 2017 to start the provisional application of the agreement.
For more information on CETA, please click here.
If you have any questions regarding trade promotion, please contact a trade representative of one of the EU Member States directly. Please see the full contact list of EU trade promotion contacts here:
The Trade Helpdesk is your one-stop-shop for information on requirements for exporting to the EU.