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EU, Canada Officials Review CETA Performance, Endorse Recommendations on Climate and Gender

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The Canada-European Union Comprehensive and Economic Trade Agreement (CETA) celebrated late last month its one-year anniversary since its provisional entry into force, with officials meeting in a “joint committee” format to evaluate the accord’s implementation and adopt recommendations involving climate, gender, and small and medium-sized enterprises (SMEs). Officials from several countries involved in the agreement have expressed their satisfaction with its application to date. CETA eliminated 98 percent of tariffs on goods traded between the two sides and involved the adoption of comprehensive rules across various trade and investment policy areas, including in relation to sustainability. However, some stakeholders have expressed concerns or suggestions for improvement as CETA implementation enters its second year. The agreement is currently applied provisionally, meaning that some parts of it remain to be implemented once all EU member states ratify it. This includes CETA’s terms on investment protections and an investment court system. The EU member states that have ratified it so far include Denmark, Croatia, the Czech Republic, Estonia, Latvia, Lithuania, Malta, Portugal, and Spain. The accord was able to take provisional effect after the European Parliament and the Canadian legislature ratified it last year. It is currently the largest trade accord for both...

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

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