International Trade and Customs

Canada and the European Union Conclude Negotiations on Trade Deal

Contact: Henry J. Chang; Blaney McMurtry LLP (Ontario, Canada)

Introduction

On October 18, 2013, Canada and the European Union ("EU") reached an agreement, in principle, on a Comprehensive Economic and Trade Agreement ("CETA"); this will be the first free trade agreement between the EU and a G8 country. CETA covers most aspects of the Canada-EU bilateral economic relationship, including trade in goods and services, investment, and government procurement. It also grants the flexibility to include areas of mutual interest beyond those that have traditionally been included in Canada's trade agreements, such as regulatory cooperation. Further details of the agreement are provided below.

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