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CETA: Expanding Canadian exports to the EU

The Canada–European Union Comprehensive Economic and Trade Agreement (CETA) entered into force on September 21st, 2017. From October 2017 to July 2018 (latest data available) Canadian exports to CETA rose 3.3% when compared to a year earlier.

However, there are some sectors where Canadian exports to the EU have seen much greater gains, with the five largest being aluminum (up 206%), motor vehicles and parts (up 96%), inorganic chemicals (up 78%), pharmaceuticals (up 46%) and mineral fuels and oil (up 45%)1.

The top two export growth categories—aluminum and motor vehicles and parts—are areas where CETA has reduced or eliminated Tariffs:

The Upshot

ETA represents a great opportunity for Canadian exporters. With CETA, 98% of EU tariff lines are now duty‑free for Canadian goods. Once CETA is fully implemented, the EU will have eliminated tariffs on 99% of its tariff lines.

1 These are the fastest growing exports at the HS2 level. Exports with a value of less than $125 million in the October 2017 to July 2018 period were excluded.

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