Learn more about the new Canada / European Union trade agreement (CETA)
The Canada-European Union Comprehensive Economic and Trade Agreement (CETA) signed on October 30, 2016 between Canada and the European Union (EU) is a progressive free trade agreement which covers virtually all sectors and aspects of Canada-EU trade.
This agreement opens up opportunities for small and medium enterprises (SMEs) with the world’s second-largest market.
The main benefits to Canadian SMEs will include:
- Improved access for trade. Opens up the market for Canadian companies to 28 member countries, with 500 million people and an annual economy of $18 trillion CDN dollars
- Cost savings. CETA will remove or reduce tariffs (duties) on almost all tariff lines and will reduce non-tariff barriers. Once CETA is fully implemented, the EU will have eliminated tariffs on 99 percent of its tariff lines.
- Simpler regulation. CETA will make it easier for Canada and the EU to work together – an example of this is that both countries will accept each other’s conformity assessment certificates.
- Gain new access to bid for public contracts in the EU. Canadian businesses will be able to benefit from Government procurement opportunities in EU regions and municipalities.
How FedEx can help
As a leading provider of express delivery and air cargo services between Canada and the rest of the world, FedEx welcomes trade agreements that open markets and facilitate trade such as the CETA. We look forward to helping you take advantage of this important new agreement and grow your transatlantic business. When it comes to exporting to the EU, we offer shipping services with customs-cleared, door-to-door deliveries from Canada to the EU in just 1-3 business days.
Recent Milestones and Next steps
- European Parliament consent . The European Parliament voted in favour of CETA on February 15, 2017.
- Canada Implementation. The Canadian CETA implementation bill, Bill C-30, is currently before the Senate Standing Committee on Foreign Affairs and Trade and must be passed by the Senate and receive royal assent prior to ratification.
- Provisional application. Provisional application is expected in Summer 2017.
- Full ratification. CETA will then need to be approved by EU Member States in accordance with their own national procedures before it can fully come into effect (full ratification). This could mean approval by as many as 38 parliamentary chambers, including regional ones.
Please contact FedEx if you are considering doing business with the EU.
For more information on CETA, click here to read the latest news on the Government of Canada website.
 Transit times and delivery service may vary depending on destination and origin. Please contact Customer Service at 1.800.GoFedEx to validate service availability depending on your postal code.