Canada And Eu Agreement

Barriers to trade in services are also at the top of the negotiating agenda. Again, the scoping exercise has ensured that no sector is excluded in principle. The aim is to improve market access and eliminate discrimination in favour of domestic suppliers. An agreement would involve, for example, mutual recognition of professional qualifications. This would make it easier for companies to send Canadians to Europe (or Europeans to Canada) to work with subsidiaries and/or business partners. Overall, the commitments made by both partners in the WTO will be implemented under the General Agreement on Trade in Services (GATS). Prime Minister Boris Johnson said: “We want a comprehensive free trade agreement, similar to Canada`s” on trade with the EU after Brexit. CETA is Canada`s largest bilateral initiative since NAFTA. It was launched as a result of a joint study “Assessing the Costs and Benefits of a Closer EU-Canada Economic Partnership”[22] published in October 2008. Officials announced the opening of negotiations on May 6, 2009 at the Canada-EU Summit in Prague [4] [23] At the conclusion of the Canada-EU Summit in Ottawa on March 18, 2004, at which the Heads of State and Government agreed on a framework for a new Canada-EU Trade and Investment Promotion Agreement (TIEA).

TIEA should go beyond traditional market access issues and include areas such as trade and investment facilitation, competition, mutual recognition of professional qualifications, financial services, e-commerce, temporary access, small and medium-sized enterprises, sustainable development and the exchange of knowledge and technology. TIEA should also build on a regulatory cooperation framework between Canada and the EU to promote bilateral cooperation on the regulatory approach, promote best regulatory practices and facilitate trade and investment. In addition to removing barriers, TIEA is expected to increase Canadian and European interest in each other`s markets. [24] TIEA lasted until 2006, when Canada and the EU decided to halt negotiations. This has led to negotiations for a canada-EU trade agreement (later renamed the Comprehensive Economic and Trade Agreement (CETA) and this agreement, beyond TIEA, is in line with an agreement with a much broader and more ambitious scope. Appendix I of the agreement contains measures and restrictions that Canada and the EU wish to maintain with respect to service providers and investors. There are no restrictions other than those listed. Market access is guaranteed by Schedule I. The schedule I measures are not withdrawn. Another example of Canadian trade barriers is public procurement. At present, European companies are hampered by tenders by provincial and territorial governments for the provision of goods and services. In the case of the Montreal metro, for example, the contract was first awarded to Bombardier Transport and the European company Alstom was not even invited to make an offer.