Ceta Agreement Summary

CETA provides Canadian service providers with the best market access the EU has ever granted to any of its free trade agreements. This means that, in most service sectors, Canadian suppliers are on an equal footing with EU service providers and are treated better than most of their third-country competitors. CETA uses a negative list approach, which means that all services sectors are covered unless otherwise stated. An agreement in principle was signed on 18 October 2013 by Canadian Prime Minister Stephen Harper and european Commission President José Manuel Barroso. Negotiations were concluded on 1 August 2014. [25] The trade agreement was formally presented on 25 September 2014 by Mr Harper and Mr Barroso at an EU-Canada summit at the Royal York Hotel in downtown Toronto. [26] The Canadian Business Roundtable served as a parallel business process from the launch to the conclusion of the CETA negotiations. As in all of its free trade agreements, Canada has excluded certain types of services from coverage because they are fundamental to our social fabric. Among the most important excluded services are health, public education and other social services. The EU`s agreement with Canada is called the Comprehensive Economic and Trade Agreement, abbreviated ceta. In September 2017, Belgium asked the Court of Justice of the European Communities whether CETA`s dispute settlement system was compatible with EU law.

The agreement can only enter into force when the ECJ has delivered its opinion or if the ECJ considers that the ECJ is incompatible with EU law. [11] On 30 April 27, 2019, the Court of Justice of the European Communities issued its opinion that the investor-state dispute settlement system in the area of CETA was compatible with EU law. [12] CETA is the first bilateral trade agreement in which Canada has included a separate chapter on regulatory cooperation. Regulatory cooperation is forward-looking and promotes good regulatory practices and early engagement in the development of actions. By encouraging cooperation earlier in the regulatory process, it is possible to reduce differences in regulatory approaches between Canada and the EU, reducing barriers to trade as soon as rules are finally adopted. . . .

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