Running head: BENEFITS OF CETA TO CANADA 1

Benefits of Comprehensive Economic and Economic Trade Agreement to Canada

Komal Kapil

Royal Road University

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Benefits of Comprehensive Economic and Economic Trade Agreement to Canada

CHAREST, J., & RAFFARIN, J. (2018). CETA is a transatlantic bridge of hope. Retrieved

from https://www.theglobeandmail.com/business/commentary/article-ceta-is-a-

transatlantic-bridge-of-hope/#comments

Charest and Raffarin (2018) in this article stated CETA between Canada, and the

European Union has completed one year and helped Canada maintain the

existing relationship with France. CETA has led removal of tariff line and made

exports beneficial while following trade policies. Canada’s investment in Europe has

created more business opportunities in many sectors. CETA will work as mediator for

Canada to maintain the relationship with Europe and the rest of the world and

promote international trade.

The author of article Charest, former premier of Quebec & partner McCarthy Tétrault

LLP has initiated the negotiation of CETA and labour mobility agreement between

France and Quebec. An experienced strategic advisor, has provided statistics about

the benefits achieved by Canada and Europe and future strategies. Even provided

insight related to Canada and France relationship. Article is published by The Global

and Mail an online trusted newspaper and editorial.

Glossop, P., Dattu, R., & Kim, M. (2017). The Canada-Europe Free Trade Agreement:

Advantages for Canadian and European businesses. Retrieved from

https://www.osler.com/en/resources/cross-border/2017/the-canada-europe-free-trade-

agreement-advantages

According to Glossop, Dattu & Kim (2017), CETA has given both tariff and non-

tariff trade benefits. All service sectors given fair market benefits under CETA.

Canadian financial companies have achieved market stability in Europe. Similar

investor benefits are offered to both countries, which will improve Canada investment
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review threshold. CETA has changed intellectual property rights policy for

pharmaceutical industry. Canada will become a secure market for investors. CETA

will make Canada more competitive in international market.

The resource paper provides a deep insight about the CETA benefits in all the

business sectors and changes done in trade policies between countries. The authors

have also highlighted the future growth areas of Canada in international market. This

resource paper was part of 2017 release of The Guide Franco-Canadian affairs. Osler

LLP lawyers has written the resource paper, who have experience in strategic

alliance, foreign investment, international trade strategies, and market-access

concerns.

MALMSTRÖM, C. (2017). With CETA, Canada and the EU face protectionism as strategic

partners. Retrieved from https://www.theglobeandmail.com/report-on-business/rob-

commentary/canada-and-the-eu-will-face-protectionism-as-strategic-

partners/article34343936/

Malmström (2017) claimed, CETA strengthens trade bond and reduce the risk of

protectionism for both countries. Canada consumers gets European goods at lesser

rates due to tariff cuts. CETA will create more jobs by boosting investments. CETA

promote sustainable growth through the enhanced partnership and integration of their

respective labour, environmental, and trade policies & measures. Canada gets

preferential access to world second largest economy and turn out to be second largest

trading partner.

The author of the article is European commissioner for trade and a member of CETA

joint committee. She stated the ways, by which CETA is strengthening both the

countries in trade and employment aspects. She has also given the insight about how

the trade policies need to be implemented for better growth prospects. The article has
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been published by The Global and Mail online newspaper, known for reliable data

and information.

McKenna, B., Curry, B., Clark, C., & Morrow, A. (2017). Against all odds, CETA, Canada's

trade deal with Europe, moves forward. Now what?. Retrieved from

https://www.theglobeandmail.com/report-on-business/economy/against-all-odds-ceta-

moves-forward-now-what/article34031523/

McKenna, Curry, Clark & Morrow (2017) reported that CETA brings benefits and

threats to countries. Many new trade policies are developed to improve investment

and provide wider access to economies. CETA provides Canada more opportunities to

grow as compared to other trade deals. Canadian Made policy has been implemented

to secure automobile industry. CETA allowed both countries to issue professional

certificates for generating jobs. Canada’s financial services market share will be

increased in European economy. CETA gives power to Canadian government to

review all the European acquisitions to gauge more benefits.

This report covered all the industrial sectors of Canada and Europe, which are going

to develop under CETA. Insight given about various trade policies, which are going

to secure Canada banking and automobile sector. The report is published by The

Globe and Mail online newspaper of Canada. The authors of report are well known

columnist, journalist, political writer, and reporter who have writing experience in

trade policies and economies.