Forgot your account information?  |  Create a CME account

Canadian and European business communities call for approval and implementation of the Canada-European Union Comprehensive Economic and Trade Agreement (CETA)

Published by Marie Morden on October 11, 2016

In the face of slowing growth in global trade and rising protectionism, the Canadian and European business communities, representing companies large and small, call for the swift approval and implementation of CETA to boost trade and investment and create jobs.

CETA is the most progressive trade agreement ever negotiated by both parties. It addresses all aspects of the bilateral trading relationship, including goods, services, investment, government procurement and regulatory cooperation. The agreement will further position Canada and the EU to collaborate on the pressing issues of our time.

The CETA is the product of more than five years of negotiations, including thoughtful revisions to the agreement that were based on feedback from stakeholders in civil society. The changes reflect the progressive nature of CETA and include improvements to the way in which investment disputes are handled, confirmation of governments' sovereign right to regulate in the public interest and the reinforcement of strong environmental and labour protections.

It is critical that CETA be implemented in early 2017. A failure of the EU to approve CETA with provisional application could have a dampening effect on the block's future trade agenda by signalling to its negotiating partners that their agreements with the EU will face a long and politicized approvals process. This could have significant long term consequences for the European economy.

The CETA stands as a thoughtful and democratic response to the inward looking, populist politics that are driving protectionist measures around the world that do nothing to increase competitiveness, growth, jobs and prosperity. As a progressive trade agreement, the CETA illustrates that likeminded partners can come together to improve opportunities for their citizens. Now is the time to approve this historic agreement.

At a time when so much of the world is saying no to trade and globalization, Canada and the EU must show leadership and say yes.

Link to statement

Found in: Canadian Trade

National Office

Alberta British Columbia
Manitoba New Brunswick
Newfoundland & Labrador Nova Scotia
Ontario Québec
Prince Edward Island Saskatchewan