21. September 2017

Free Trade Agreement CETA

Today the Comprehensive Economc and Trade Agreement CETA between Canada and the EU provisionally becomes effective . From 00:00 hrs local time 98 % of customs duties of all product groups that are being traded between both sides are then being dropped. According to the EU Commission savings for European companies amount to 590 Billion Euro per year.

The EU and Canada completed negotiations about CETA last year. The agreement will finally come into force once it has been ratified by 38 national and regional parliaments in the EU member states.

 

 

 

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