EU-Canada Comprehensive Economic and Trade Agreement (CETA) to Aid European Tech
The Comprehensive Economic and Trade Agreement (CETA) looks likely to remove almost all trade tariffs between the European Union and Canada. This is estimated to result in increasing bilateral trade in goods and services by more than 20%. This could come as a blow to the UK, following the decision to leave the European Union as the UK was Canada’s 3rd largest merchandise export market in the world in 2015 and also the largest destination for Canadian direct investment in Europe. However, the CETA could partially come into force partially this year, so some UK firms may benefit from the agreement prior to the UK’s departure from the European Union.
