this post was submitted on 17 Jun 2025
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EU-Canada relations: Comprehensive Economic and Trade Agreement (CETA) boosted bilateral business ties, cooperation on critical raw materials, evaluation finds (ec.europa.eu)
submitted 3 days ago by randomname@scribe.disroot.org to c/europe@feddit.org
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Here is the full study (pdf, 319 pages)

Here is the executive summary (pdf, 17 pages)

TLDR:

  • CETA has effectively eliminated duties for 98.6% of all Canadian tariff lines and for 98.7% of EU tariff lines. As a result, the simple average EU tariff on Canadian exports decreased from 5.1% to almost zero, while the Canadian tariff on EU exports declined from 4.2% to nearly zero
  • Bilateral trade in goods and services between the EU and Canada has increased from €64 bn to €72 bn in the pre-CETA period (2012-2016), representing a 12.5% increase
  • During the post-CETA period (2017-2023), total bilateral trade increased by 71%, from €72 bn in 2016 to €123 bn in 2023, despite the negative impact of the COVID-19 pandemic in 2020
  • When considering the increase in bilateral trade from 2016 (the year before CETA came into effect) to 2023, the total bilateral trade in goods increased by 65.0%, while total bilateral trade in services increased by 81% in the same time perio- CETA has effectively eliminated duties for 98.6% of all Canadian tariff lines and for 98.7% of EU tariff lines. As a result, the simple average EU tariff on Canadian exports decreased from 5.1% to almost zero, while the Canadian tariff on EU exports declined from 4.2% to nearly zero.
  • Bilateral trade in goods and services between the EU and Canada has increased from €64 bn to €72 bn in the pre-CETA period (2012-2016), representing a 12.5% increase.
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