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EU, Canada Prepare for CETA Provisional Application

The EU and Canada are gearing up for the provisional application of the Comprehensive Economic and Trade Agreement (CETA), with some officials suggesting that this could begin as early as July. After eight years of negotiations, CETA was ratified by the European Parliament in mid-February. The trade accord has become increasingly high-profile over the years, given the size of the economies involved, its investment dispute provisions, and the geopolitical context regarding trade more broadly. (See Bridges Weekly, 16 February 2017 ) Now, pending Canadian ratification, the provisional application of the sweeping trade and investment accord is said to be within grasp. The implementation bill for CETA is currently undergoing a “third reading” in the Canadian Senate and is expected to advance, officials say, with some provinces also needing to make their own legislative changes. Meetings in the senate’s foreign affairs and trade committee are going on this week. According to Chapter 30 of CETA , once both sides have completed their internal procedures, the deal can provisionally apply from the beginning of the following month, unless they agree on a different start date. EU Trade Commissioner Cecilia Malmström has suggested that this could happen “within weeks,” given the advanced state...

Tags: Regional Trade Agreements (RTAs), Canada, European Union (EU), Regional Trade Agreements (RTAs)

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