- published: 17 May 2016
- views: 8047
The Comprehensive Economic and Trade Agreement (CETA) is a free trade agreement between Canada and the European Union. The negotiations were concluded in August 2014. The agreement is to be approved by the Council of the European Union and the European Parliament. Whether approval by all EU member states is also necessary is disputed. If approved, the agreement would begin to come into effect in 2016 at the earliest, at which time about 98% of the tariffs between Canada and the EU would be eliminated.
CETA is Canada's biggest bilateral initiative since NAFTA. It was hatched as a result of a joint study "Assessing the Costs and Benefits of a Closer EU-Canada Economic Partnership" which was released in October 2008. Officials announced the launch of negotiations on 6 May 2009 at the Canada-EU Summit in Prague. This after the Canada-EU Summit in Ottawa on 18 March 2004 where leaders agreed to a framework for a new Canada-EU Trade and Investment Enhancement Agreement (TIEA). The TIEA was intended to move beyond traditional market access issues, to include areas such as trade and investment facilitation, competition, mutual recognition of professional qualifications, financial services, e-commerce, temporary entry, small- and medium-sized enterprises, sustainable development, and sharing science and technology. The TIEA was also to build on a Canada-EU regulatory co-operation framework for promoting bilateral co-operation on approaches to regulatory governance, advancing good regulatory practices and facilitating trade and investment. In addition to lowering barriers, the TIEA was meant to heighten Canadian and European interest in each other's markets. The TIEA continued until 2006 when Canada and the EU decided to pause negotiations. This led to negotiations on a Comprehensive Economic and Trade Agreement (CETA), and this agreement will go beyond the TIEA toward an agreement with a much broader and more ambitious scope.
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Aπό τα Κοινοβούλια των κρατών-μελών της ΕΕ θα περάσει η CETA
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Run with me baby, let your hair down
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from peepshow to disco, from Spain to Camber Sands
Europe is our playground, London is our town