Press Release

Europe leads on rules-based trade: CETA comes into force

Brussels
, 20.09.2017 - 10:42
CETA

Following seven years of negotiations, the Comprehensive and Economic Trade Agreement (CETA) will provisionally enter into force tomorrow. "The deal marks a milestone in EU-Canada relations and the EU's trade policy. The Agreement is the most advanced economic and trade treaty negotiated by the EU and it enhances the best practices from both sides, the EU and our close ally Canada", said Artis Pabriks MEP, who steered CETA through the Parliament.

Godelieve Quisthoudt-Rowohl MEP, the EPP Group's Spokeswoman in the Committee on International Trade, added that Europe and Canada are leading the way to shaping and harnessing globalisation: "We share the same values - so we open up to each other, to the benefit of consumers and businesses. CETA is the most advanced and modern free trade agreement today and its entry-into-force marks a new chapter in the transatlantic relationship." CETA will be fully implemented once the parliaments in all Member States ratify the deal according to their respective domestic constitutional requirements.

In the current international climate, the Agreement has underpinned Europe's leading position on trade and gives a strong common answer to Donald Trump's anti-trade policy. "In times of growing protectionism worldwide, we are proving to be the leaders of a global trade that is based on our rules and high standards. This is a new chapter for the future of the European Union and its trade policy. Together we stand stronger", explained the Latvian MEP whose home country was the first EU Member State to ratify the free trade deal following the approval of CETA by the European Parliament in Strasbourg in February 2017. Whereas the EPP Group clearly backed CETA in the European Parliament's vote on this hugely significant trade agreement, the vote revealed deep divisions among Socialists across the EU.

"As of tomorrow, CETA will bring immediate benefits and will allow European businesses, SMEs and consumers across Europe reap the benefits of this trade agreement, overturning the misleading populist rhetoric used by some political groups and trade sceptics. CETA will boost economic growth and will create more jobs. Therefore, let us all continue working on strong trading partnerships", Artis Pabriks concluded. The EU is already Canada’s second most important trading partner. The EU-Canada trade deal will further enhance trade and investment flows on both sides of the Atlantic.

Note to Editors
The EPP Group is the largest political group in the European Parliament with 216 Members from 27 Member States

MEP Contacts

-
Artis PABRIKS
BRU - Phone: +32 (0)2 2845810 Fax: +32 (0)2 2849810
Email: artis.pabriks@europarl.europa.eu
-
Godelieve QUISTHOUDT-ROWOHL
BRU - Phone: +32 (0)2 2845338 Fax: +32 (0)2 2849338
Email: godelieve.quisthoudt-rowohl@europarl.europa.eu

Press Contacts

Meike Bogdan
German & Luxembourgish press
Phone: +32 473 850 507

Latest

Brexit, Sakharov Prize, EU investment, Kebab ban defeated
14.12.2017 - 12:15

Brexit, Sakharov Prize, EU investment, Kebab ban defeated

At its final plenary of 2017, the European Parliament approved a Resolution on the Brexit talks, backing the move to phase 2 but insisting on...
Child abuse
14.12.2017 - 12:09

EU states not doing enough to fight sexual abuse of children

The European Parliament adopted a Resolution today tabled by Anna Maria Corazza Bildt MEP calling on Member States to take concrete measures to stop...
Tax evasion
13.12.2017 - 14:09

Fight against tax evasion must be key task for EU

Left tried to hijack Panama report to harm honest taxpayers and EU economy "The fight against tax evasion, tax crime and tax avoidance must...
Kebab ban rejected, saving jobs, businesses
13.12.2017 - 14:00

Kebab ban rejected, saving jobs, businesses

The European Parliament has rejected a bid to outlaw phosphates in frozen kebab meat, pending a study in 2018 by the European Food Safety Agency....

Highlights of the week

11.12.2017 - 15.12.2017
Brexit Direction Sign

Brexit negotiations

The key debate on Wednesday will focus on the Brexit negotiations and preparations of the next Council meeting. "We will only accept a...
Protesters in Venezuela

2017 Sakharov Prize Award

The 2017 Sakharov Prize for Freedom of Thought will be awarded to the Democratic Opposition in Venezuela during the ceremony in Strasbourg on...
Picturesque patchwork quilt farmland aerial view over fields rural villages

Common Agricultural Policy: mid-term reform

A debate on rules to simplify EU farming policy, boost farmers’ bargaining power and better equip them to face risks will take place on Monday...
Photo of Christos Stylianides