After almost five years of negotiations, Canada and the European Union (EU) announced last October the signature of an agreement in principle of a new generation of economic partnership known as the Comprehensive Economic and Trade Agreement (CETA). In 2007 the multilateral negotiations of the World Trade Organization (the Doha Round) failed and the EU needed to propose a new trade policy to its member states. It was not only the beginning of a new era of global trend, but a 'race' to sign bilateral free trade agreements. For Canada to face competition from developing economies, especially China, the country's economy needed, as it still does, to diversify its markets to be less dependent on the US.
January 23, 2014 at 05:03 AM
1 minute read
The original version of this story was published on Legalweek
Canada and the EU are about to finalise a groundbreaking trade agreement that is set to shake up international relations. Jean Charest and John Boscariol outline the contract’s key provisions
After almost five years of negotiations, Canada and the European Union (EU) announced last October the signature of an agreement in principle of a new generation of economic partnership known as the Comprehensive Economic and Trade Agreement (CETA).
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