|Author (Corporate)||European Council|
|Series Title||International Summit|
EU and Canada leaders signed the Comprehensive Economic and Trade Agreement (CETA) at the delayed 16th EU-Canada summit held in Brussels on the 30 October 2016.
The EU claimed that CETA would remove over 99% of tariffs that currently hindered trade between the EU and Canada. It was expected to increase bilateral trade by €12bn per year, and to generate growth and new jobs on both sides of the Atlantic.
The agreement would have no impact on governments' powers to regulate in the public interest, especially with regard to environmental and social standards.
The agreement came with a binding joint interpretative instrument, which explained what the provisions meant in practice. This was intended to help citizens understand better the meaning and scope of the agreement.
The summit also saw the signature of the Strategic Partnership Agreement (SPA) between the EU and Canada that deepened cooperation between the EU and Canada on foreign policy. It also strengthened relations in fields such as:
+ international peace and security
The EU and Canada also adopted a joint declaration on the EU-Canada partnership.
In the area of foreign policy the summit discussed the situation in Syria, Ukraine and the migration and refugee crisis.
The summit also took note of the decision for visa-free travel for all EU citizens to Canada.
|Countries / Regions||Canada, Europe|