Investing
EU AND CANADA SIGN AGREEMENT FOR STRENGTHENING TRADE AND INVESTMENTS
Published by Gbaf News
Posted on December 4, 2014
2 min readLast updated: January 22, 2026
Global Banking & Finance Review®
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Published by Gbaf News
Posted on December 4, 2014
2 min readLast updated: January 22, 2026
The EU-Canada summit which took place in Ottawa in September has successfully closed the long standing negotiations betweenregarding a Comprehensive Economic and Trade Agreement (CETA).
Canada seems to be one of the most advanced non-European countries with which the EU has ever negotiated a trade agreement up to date. Canada, an important destination for European investment and a country rich in natural resources, has a wealth of benefits to offer to the EU.
One of the most significant opportunities expected from CETA is the growth of inter EU-Canadian trading with goods and services, which is expected to rise by 23% upon implementation of this agreement hencestrengthening EU GDP by about €12 billion per year.
There are numerous benefits for the economy of both Canada and the EU deriving from CETA, includingthe following:
The text of the agreement is currently being reviewed at an EU-legal level and translated into all EU official languages. Subsequently, it will be sent to the Council for authorization for signature. Final step will be the consent vote in the European Parliament.
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