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Bilateral Ambition:

Bilateral Ambition:. Canada, the EU, and the Comprehensive Economic and Trade Agreement (CETA). Watson Goepel LLP. 1. History. Cultural and Economic bonds built over centuries of immigration and travel First formal treaty – EURATOM (1959)

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Bilateral Ambition:

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  1. Bilateral Ambition: Canada, the EU, and the Comprehensive Economic and Trade Agreement (CETA) Watson Goepel LLP

  2. 1. History • Cultural and Economic bonds built over centuries of immigration and travel • First formal treaty – EURATOM (1959) • Bilateral Framework Agreement for Commercial and Economic Cooperation (1976) Watson Goepel LLP

  3. 1. History (continued) • Sector specific agreements: • Science and Technology (1996) • Higher Education and Training (1995, 2000) • Customs Cooperation (1998) • Veterinary Equivalency (1998) • Competition Cooperation (1999) • Wine and Spirits (2004) • Trade and Investment Enhancement (2004) • Civil Aviation Safety (2009) • Comprehensive Air Transport (2009) Watson Goepel LLP

  4. 2. General Overview • Convergence of Canadian and European strategies • Trade liberalization • Favourable market access terms • attract foreign investment • innovation • expand international commercial networks Watson Goepel LLP

  5. 3. Joint Study • Towards a Comprehensive Economic Agreement • Increased exports of goods and services • Canada → EU $CDN 12.5 B (€8.5 B) • EU → Canada $CDN 25.0 B (€17 B) Watson Goepel LLP

  6. 4. Scoping Report • Enhance economic relationship • Removal of Non-Tariff Barriers (“NTBs”) • investment • labour mobility • regulatory cooperation • environment • science & technology Watson Goepel LLP

  7. 5. Current Canada – EU Trade • EU is the world’s largest single market • EU is Canada’s second largest trading partner • Canada is EU’s eleventh largest trading partner TRADE IN GOODS & SERVICES • Canada → EU $49.1 B (€37.7 B) • EU → Canada $55.2 B (€42.3 B) FOREIGN DIRECT INVESTMENT • Canada → EU $148.7 B (€114.3 B) • EU → Canada $145.7 B (€112.1 B) Watson Goepel LLP

  8. 6. Scope • trade in goods • sanitary and phytosanitary issues • technical barriers to trade • trade facilitation • customs procedures and rules of origin • cross-border trade in services, including mutual recognition of professional qualifications • investment Watson Goepel LLP

  9. 6. Scope (continued) • central and sub-central government procurement • regulatory cooperation (laws and procedures) • intellectual property • temporary movement of business persons • competition policy and related matters (monopolies and state enterprises) • institutional arrangements and dispute settlement • sustainable development Watson Goepel LLP

  10. 7. Current Obstacles • Provincial regulations • Public procurement • Supply management • WTO sanitary and phytosanitary standards • Market access • Rules of Origin • Intellectual Property Watson Goepel LLP

  11. 7. Current Obstacles (continued) • Geographic indications • Services • Cooperation Mechanisms • Labour mobility and movement of business persons • Investment • Regulatory Cooperation and Technical Barriers to Trade (“TBT”) • Monopolies and State Enterprises Watson Goepel LLP

  12. 8. Distinctive Features • Focus on NTBs • Provinces at negotiating table for first time • Negative list approach Watson Goepel LLP

  13. 9. Future • First agreement with OECD country • Prototype for new generation of trade agreements • Harmonization among provinces • EU growth = new opportunities Watson Goepel LLP

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