Prime Minister Boris Johnson said of trade with the EU after Brexit: “We want a comprehensive free trade agreement similar to Canada`s.” Canada and the European Union began negotiations on the Comprehensive Economic and Trade Agreement (CETA) in 2009. It is a pact of free trade and investment of the “next generation”, better understood as the seizure of power by companies. CETA is a way to further deregulate and privatize the Canadian economy, while increasing business power and undermining Canadian and European efforts to address the climate crisis. Canada`s trade commissioners provide expert advice and important contacts for exporters, partners and investors. The benefits and opportunities offered to businesses in the agreement will be particularly valuable for SMEs, as trade barriers tend to impose a disproportionate burden on small businesses, which have fewer resources to overcome them than large companies. These include important benefits for the economy: in 2008, a partnership framework was agreed between the EU and Australia, which removes barriers to trade, but was not a free trade agreement. In CETA, the EU and Canada reaffirm their commitment to sustainable development and agree that continued trade and investment should strengthen environmental protection and workers` rights, not weaken them. BRUSSELS (Reuters) – The European Union and Canada signed a free trade agreement on Sunday aimed at creating jobs and growth, while it still needs to clarify some forty national and regional parliaments in Europe in the coming years to enter fully into force. The Comprehensive Economic and Trade Agreement (CETA) is Canada`s most comprehensive trade negotiation ever, covering a wide range of issues, including tariffs, non-tariff barriers, services and investment, financial services, government procurement and much more. CETA is Canada`s largest bilateral initiative since NAFTA.
It was launched following a joint study entitled “Assessing the Costs and Benefits of a Closer EU-Canada Economic Partnership”, published in October 2008. . . .