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Negotiations on the EU-Canada Comprehensive Economic and Trade Agreement (CETA) Concluded

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Page : 14 pages

File Size : 46,83 MB

Release : 2014

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The Comprehensive Economic Trade Agreement (CETA) between the EU and Canada, on which negotiations were concluded at the EU-Canada Summit in Ottawa on 26 September 2014, will be a 'first' in many areas. The agreement will be the EU's first with another highly industrialised country to facilitate market access for goods, services and investment by abolishing almost all tariffs and reducing a wide array of non-tariff barriers. CETA is also the first agreement to have been negotiated with a sound chapter on investment protection, (including Investor-State Dispute Settlement (ISDS) provisions) {OCLCbr#D0}– an area that is, since the entry into force of the Lisbon Treaty, an EU competence. The EU and Canada have agreed to improve regulatory cooperation without compromising existing safety standards, and CETA includes protection for more than 145 food products with geographical indications (GIs). The agreement preserves the governments' right to regulate in the public interest. The European Parliament will be asked to give its consent to this agreement and to the parallel Strategic Partnership Agreement (SPA) {OCLCbr#D0}– a process that is likely to take two years. This will give the Parliament sufficient time to weigh potential public concerns {OCLCbr#D0}– which today are focussed principally on trade and investment negotiations with the US, but may spill over onto this agreement with Canada.



EU-Canada Comprehensive Economic and Trade Agreement

Author : Wilhelm Schöllmann

Publisher :

Page : 6 pages

File Size : 27,12 MB

Release : 2016

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EU-Canada negotiations for a Comprehensive Economic and Trade Agreement (CETA) were declared concluded in September 2014. Except for a few sensitive agricultural products, CETA would remove practically all tariffs on goods exchanged between the two partners, and create important new market opportunities in, among others, financial services, telecommunications, energy and maritime transport, while reserving the parties' right to regulate their internal public affairs. Canada would substantially open up its public procurement, at both federal and sub-federal level, thereby eliminating a major asymmetry in access to each other's public procurement markets. The consolidated CETA text is currently undergoing legal-linguistic review. Once this 'legal scrubbing' and the translation into all official EU languages are completed, the Commission can submit it to the Council and the European Parliament for approval. It is still to be decided whether the agreement in its entirety falls under exclusive competence of the European Union or would also touch upon Member States' competences. In the latter case, ratification by the Member States would also be necessary for the agreement to come into force. CETA brings forward a number of innovations to reform and reshape investment protection provisions in general and the investor-state-dispute settlement (ISDS) mechanism in particular. Nevertheless, persistent opposition to investment protection, and ISDS in particular, has given rise to proposals to incorporate (elements of) the new investment court system (ICS) into CETA. The Commission is reportedly not pressing for including its entire ICS proposal into CETA; however, it intends to 'fine-tune' the agreement within the process of legal scrubbing. Working towards including (elements of) the ICS system into CETA could then be envisaged via the use of review clauses.



Europe, Canada and the Comprehensive Economic Partnership Agreement

Author : Kurt Hübner

Publisher : Taylor & Francis

Page : 345 pages

File Size : 30,58 MB

Release : 2011-04

Category : Business & Economics

ISBN : 1136741313

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Book Description

The Great Recession and the turn towards all forms of protectionism stress the relevance of international trade policy. With the global economy undergoing deep structural changes, the negotiations between Canada and the EU on a Comprehensive Economic and Trade Agreement (CETA) present a real-time experiment that sheds light on the direction that the relationships between two economic units of the G8 will take. For Canada, an agreement with the EU would end its current dependency on the US; for the EU, an agreement with Canada would be a first with a G8-economy and indicate how its new trade strategy ‘Global Europe’ will look like. This book is the first to simultaneously analyze the undercurrents of this project and introduce the main topics at hand. CETA is much more than a simple free trade agreement, its breadth covers regulatory aspects in goods, services, and finance; the opening of public procurement markets; attitudes and policies of Canadian provinces towards liberalization; climate policies and international leadership claims of the EU in comparison to Canadian policy attempts; the challenges of the Euro project and the reform efforts; and the challenges of the Euro as a international reserve currency. CETA is a challenging project that will kick-start enormous changes in trade policy-making as well as in market openness in Canada. It will mark the EU’s efforts to re-make the Atlantic Economy. This book provides deep insights into the ambiguity of the project and addresses the implications of a rapidly changing global economy for trade policy. Offering analysis of the financial industry, banking, trade policy, climate change strategy, and the Euro exchange rate, this book should be of interest to students and policy-makers alike.



Comprehensive Economic and Trade Agreement (CETA) with Canada

Author : Wilhelm Schöllmann

Publisher :

Page : 12 pages

File Size : 31,3 MB

Release : 2016

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Book Description

EU-Canada negotiations for a Comprehensive Economic and Trade Agreement (CETA) started in May 2009 and were declared concluded at the EU-Canada Summit on 26 September 2014. The agreement's overall aim is to increase flows of goods, services and investment to the benefit of both partners. For the EU, CETA represents the first comprehensive economic agreement with a highly industrialised Western economy. Except for a few sensitive agricultural products, the agreement would remove practically all tariffs on goods exchanged between the two partners. Canada would substantially open up its public procurement at both federal and sub-federal level, thereby eliminating a major asymmetry in access to each other's public procurement markets. The EU succeeded in securing protection for a large number of European Geographical Indications (GIs) on the Canadian market. Provisions on sustainable development should ensure that trade and investment do not develop to the detriment of, but rather support, environmental protection and social development. On 5 July 2016, the Commission made three proposals for a Council decision with respect to CETA: to sign the agreement, on provisional application, and on conclusion. The Council and Member States have had difficult discussions on the conditions under which CETA can be signed. The consent procedure can be launched once the proposal to conclude the agreement has officially reached the European Parliament. First edition. The ‘International Agreements in Progress’ briefings are updated at key stages throughout the process, from initial discussions through to ratification.





CETA: the Making of the Comprehensive Economic and Trade Agreement Between Canada and the EU

Author : Kurt Hübner

Publisher :

Page : 36 pages

File Size : 31,1 MB

Release : 2016

Category : Canada

ISBN : 9782365675505

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Book Description

Once ratified, the Comprehensive and Economic Trade Agreement (CETA) could ultimately eliminate all tariff barriers between the European Union and Canada. CETA is also a new generation Free-Trade Agreement: it includes the opening of public procurement, the facilitation of cross investments and cooperation in the area of regulation. Its long negotiation process illustrated important changes that are happening in the way trade agreements are negotiated, both in Canada and in the EU. A wide variety of actors was involved. Because the federal government of Canada cannot implement international commitments in areas of provincial jurisdiction, the European Union requested that the provinces should be included in the discussions – Quebec and Ontario being the most interested. From the EU side, Germany, France and the United Kingdom led the process. Labor and trade unions as well as lobbying groups also supported the project. Following the signing of the agreement in October 2013, the ratification process was delayed because of the start of the TTIP negotiations between the European Union and the United States. Canadian civil society organizations had already expressed criticism, which was echoed by their European counterparts, particularly worried about the investor state dispute settlement (ISDS) system. The legal scrubbing phase resulted in a compromise on this point.The new Prime Minister Justin Trudeau, who replaced Conservative leader Stephen Harper in October 2015, has considered the implementation of the agreement as Canada's top priority regarding international trade.



The Proposed Eu-Canada Trade Agreement Raises Health Concerns in Both Canada and European Union

Author : Meri Koivusalo

Publisher :

Page : 10 pages

File Size : 25,28 MB

Release : 2011

Category : Foreign trade regulation

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Book Description

The European Union (EU) and Canada are currently negotiating a new Comprehensive Economic and Trade Agreement (CETA) (European Commission 2011). In early 2010, the negotiating text was leaked and posted to the Trade Justice Network website, raising a variety of red flags for European member states. The draft agreement, described as more far-reaching and ambitious than any of either party's previous free trade agreements, has already raised concerns in Canada. These focus on the extension of government procurement commitments to include local services (Sinclair 2010), the potential addition of investment protections (Sinclair 2011), and how EU demands in the field of intellectual property rights and enforcement will impact drug costs (Grootendorst and Hollis 2011). Issues arising from the draft agreement are of substantial importance for health policymaking within the EU. While concerns in the two jurisdictions are not necessarily the same, from a health policy perspective many of the issues raised by Canadians are also relevant to EU member states. Negotiations are expected to conclude by early 2012.



State-to-State Dispute Settlement Provisions in the EU-Canada Comprehensive Economic and Trade Agreement

Author : Piergiuseppe Pusceddu

Publisher :

Page : 29 pages

File Size : 32,70 MB

Release : 2019

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Book Description

On 26 September 2014 the European Union and Canada announced the conclusion of the negotiations of a new agreement that would open the doors for new business opportunities and enhanced economic co-operation, creating a trade bridge between two economic powers. The EU-Canada Comprehensive Economic and Trade Agreement (CETA) is a secondgeneration agreement, since it is not merely focused on the abolition of tariffs but more properly on the abolition of nontariff barriers. The agreement also contains innovative stateto-state dispute settlement provisions. The purpose of this article is to analyze these provisions but also to underline the extent to which they represent an innovation in comparison with the WTO Dispute Settlement Understanding (DSU). In order to do so, the article offers an overview of the major salient issues on dispute settlement in preferential trade agreements as well as on the EU-Canada CETA state-to-state dispute settlement provisions and compares the latter to the WTO DSU. The analysis sheds light on the rather more simple nature of the EU-Canada CETA dispute settlement chapter compared to that of the WTO DSU because of the absence of an appellate review stage, which will probably be balanced by a more incisive role for the CETA Joint Committee. The analysis of the contours of the dispute settlement chapter of the CETA concludes with the identification of the major similarities with the WTO DSU but also by identifying the major improvements in the EUCanada CETA, if compared with the WTO DSU. Ultimately, this article shows how CETA has reinforced the economic partnership between the European Union and Canada without disregarding civil society participation and transparency in the dispute settlement phase.