CETA Now in Effect

The Canada-EU Comprehensive and Economic and Trade Agreement (commonly known as CETA) was entered into force on September 21, 2017 after being signed on October 30, 2016. This progressive trade agreement has resulted in the elimination of most tariffs between member countries.

From the Government of Canada website:

“Prior to CETA’s entry into force, only 25 percent of EU tariff lines on Canadian goods are duty-free. On the day that CETA enters into force, 98 percent of EU tariff lines will be duty-free for Canadian goods, and an additional one percent will be eliminated over a seven-year phase out period. Tariff elimination will provide enhanced export opportunities into the EU market for Canadian producers, processors, and manufacturers, as well as for agricultural and agri-food products, fish and seafood, forestry goods, and the full range of industrial goods.”

If you haven’t already, you may be contacted by your customers or their service providers to complete documentation regarding this new trade agreement. If you require assistance, please feel free to reach out to Buckland.