CETA or The Comprehensive Economic and Trade Agreement is a free-trade agreement between Canada, the European Union and its member states. It has been provisionally applied, so the treaty has eliminated 98 per cent of the tariffs between Canada and the EU.
Canadian companies have always considered the U.S. as the next logical destination to expand into. With changing trade regulations and international relationships, Europe should also be viewed as a market that Canadian companies must immediately consider.
Experts feel that smaller Canadian companies are not yet ready to take advantage of CETA and lack the global ambition that could help them.
A recent report by the international trade development arm of the Toronto Region Board of Trade said that Toronto companies that are looking to grow their export business should look towards European countries in addition to Asia.
Government officials have confirmed that the official scheduled start time for the Comprehensive Economic and Trade Agreement (CETA) with the European Union has not changed. This comes in the wake of recent developments which suggested the CETA could be delayed.
Companies are planning to expand their operations in France and investors are now more determined than ever to bring their money to the European country whose president Emmanuel Macron is pro business opportunities.