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Thursday, September 20, 2018

Consequences of the Canada-EU agreement

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Tomorrow will mark the first anniversary of the Comprehensive Economic and Trade Agreement (CETA) allying the EU and Canada. Although it is too early to assess the full impact of this treaty, the latest available statistics suggest that exports increased by more than 7% in one year.



Some of the sectors involved are particularly flourishing. Exports of machinery and mechanical appliances, which account for one-fifth of EU exports to Canada, increased by more than 8%. Pharmaceutical products, which account for 10% of EU exports to Canada, increased by 10%.

One year after the signature of the CETA it would be also interesting to assess the EU-Canada Cooperation in Higher education, Training and Youth, funded out of the ICI instrument for cooperation with industrialised countries.

Source :  Press room - European Commission


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