Bilateral Ambition:

Canada, the EU, and the Comprehensive Economic and Trade Agreement (CETA)

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1. History
Cultural and Economic bonds built over centuries of immigration and travel First formal treaty EURATOM (1959) Bilateral Framework Agreement for Commercial and Economic Cooperation (1976)

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1. History (continued)
Sector specific agreements:
Science and Technology (1996) Higher Education and Training (1995, 2000) Customs Cooperation (1998) Veterinary Equivalency (1998) Competition Cooperation (1999) Wine and Spirits (2004) Trade and Investment Enhancement (2004) Civil Aviation Safety (2009) Comprehensive Air Transport (2009)

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2. General Overview
Convergence of Canadian and European strategies Trade liberalization Favourable market access terms
attract foreign investment innovation expand international commercial networks

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3. Joint Study
Towards a Comprehensive Economic Agreement Increased exports of goods and services
Canada EU EU Canada $CDN 12.5 B (8.5 B) $CDN 25.0 B (17 B)

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4. Scoping Report
Enhance economic relationship Removal of Non-Tariff Barriers (NTBs)
investment labour mobility regulatory cooperation environment science & technology

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5. Current Canada EU Trade

EU is the worlds largest single market EU is Canadas second largest trading partner Canada is EUs eleventh largest trading partner TRADE IN GOODS & SERVICES Canada EU $49.1 B (37.7 B) EU Canada $55.2 B (42.3 B) FOREIGN DIRECT INVESTMENT Canada EU $148.7 B (114.3 B) EU Canada $145.7 B (112.1 B)
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6. Scope
trade in goods sanitary and phytosanitary issues technical barriers to trade trade facilitation customs procedures and rules of origin cross-border trade in services, including mutual recognition of professional qualifications investment

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6. Scope (continued)
central and sub-central government procurement regulatory cooperation (laws and procedures) intellectual property temporary movement of business persons competition policy and related matters (monopolies and state enterprises) institutional arrangements and dispute settlement sustainable development

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7. Current Obstacles
Provincial regulations Public procurement Supply management WTO sanitary and phytosanitary standards Market access Rules of Origin Intellectual Property

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7. Current Obstacles (continued)

Geographic indications Services Cooperation Mechanisms Labour mobility and movement of business persons Investment Regulatory Cooperation and Technical Barriers to Trade (TBT) Monopolies and State Enterprises

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8. Distinctive Features
Focus on NTBs Provinces at negotiating table for first time Negative list approach

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9. Future
First agreement with OECD country Prototype for new generation of trade agreements Harmonization among provinces EU growth = new opportunities

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