How important to Canada are the current trade links between Canada and the EU?
The EU is Canada’s second largest trading partner after the United States. But we believe the relationship is ‘under-traded’. There is room for improvement, not only in trade in goods and services, but in human and business exchanges. The balance of trade favours the EU, but by liberalising trade Canada will stands to gain significantly. What is the significance of the FTA negotiations now underway? The recent launch of negotiations towards a comprehensive economic and trade agreement (CETA for short) is very significant. Canada and the EU are showing the world that at a time of economic crisis and a reduction in world trade two important trading partners can take steps to increase trade and fight protectionism, through the removal of barriers. How might a future FTA benefit not just Canada but the EU? In any successful negotiation, there have to be winners on both sides. Canada and the EU stand to gain greater access to each other’s market, improved regulatory cooperation, greater sti
