{"id":4144,"date":"2017-10-19T10:30:08","date_gmt":"2017-10-19T14:30:08","guid":{"rendered":"https:\/\/clearit.ca\/canadian-customs-broker-blog\/?p=4144"},"modified":"2017-10-19T10:30:08","modified_gmt":"2017-10-19T14:30:08","slug":"ceta-breakdown","status":"publish","type":"post","link":"https:\/\/clearit.ca\/canadian-customs-broker-blog\/ceta-breakdown\/","title":{"rendered":"Not sure what&#8217;s going on with CETA? Here&#8217;s our breakdown."},"content":{"rendered":"<p><b><a href=\"https:\/\/clearit.ca\/canadian-customs-broker-blog\/wp-content\/uploads\/\/2017\/10\/eu-canada.jpg\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-medium wp-image-4145\" src=\"https:\/\/clearit.ca\/canadian-customs-broker-blog\/wp-content\/uploads\/\/2017\/10\/eu-canada-300x174.jpg\" alt=\"CETA\" width=\"300\" height=\"174\" srcset=\"https:\/\/clearit.ca\/canadian-customs-broker-blog\/wp-content\/uploads\/2017\/10\/eu-canada-300x174.jpg 300w, https:\/\/clearit.ca\/canadian-customs-broker-blog\/wp-content\/uploads\/2017\/10\/eu-canada.jpg 714w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/b><\/p>\n<p>&nbsp;<\/p>\n<p><b>What is CETA? <\/b><\/p>\n<p>The Comprehensive Economic and Trade Agreement (CETA) is a free trade agreement between Canada and the European Union, enacted in September 2017.<\/p>\n<p>Fundamentally, CETA is a progressive trade agreement, with some of the strongest commitments ever seen in a trade deal. These commitments range from promoting labor rights, to environmental preservation. In fact, the obligations in the deal are binding.<\/p>\n<p>Driving trade between the participating parties will undoubtedly create jobs and economic growth&#8211; meaning growth opportunities for businesses.<\/p>\n<p><b>What is in the agreement? <\/b><\/p>\n<p>There are many features in this deal. CETA will effectively:<\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Remove customs duties;<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Simplify the bidding process for EU companies for Canadian public contracts;<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Open up the Canadian services market for the EU;<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Open up the European food market; <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Reduce \/ remove the EU exporting costs; <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Make it easier for EU workers to work in Canada; <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Increase predictability of conditions for EU and Canadian investors;<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Make it easier for EU companies to invest in the Canadian market; <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Bolster workers rights in the EU and Canada.<\/span><\/li>\n<\/ul>\n<p><b>So, what are the benefits?<\/b><\/p>\n<p>You\u2019ve probably guessed that these things will be great for companies and consumers alike within both participating parties.<\/p>\n<p>Exporters will benefit from removed duties&#8211; especially on industrial products. This will lead to a drop in costs for parts\/components.<\/p>\n<p>This will also help European companies become more competitive in the Canadian consumer market, as they will be able to drop their prices.<\/p>\n<p>Another win for EU businesses is that they will be able to bid on public Canadian contracts, while Canada has agreed to increase transparency in their bidding process.<\/p>\n<p>In some cases, the process for EU workers to be employed in Canada will also be simplified, especially for architectural, legal, and accounting professionals.<\/p>\n<p>Artists and other creatives will benefit as well, as the deal strengthens copyright and trademark regulations.<\/p>\n<p>CETA has been enacted as of September 2017. The Commission is now responsible for monitoring its implementation. As of now, the agreement is in force on a provisional basis, meaning there are certain parts of CETA are not yet being implemented. The main portion of the agreement will be coming into effect at the beginning of 2018.<strong><strong><br \/>\n<\/strong><\/strong><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; What is CETA? The Comprehensive Economic and Trade Agreement (CETA) is a free trade agreement between Canada and the European Union, enacted in September 2017. Fundamentally, CETA is a progressive trade agreement, with some of the strongest commitments ever seen in a trade deal. These commitments range from promoting labor rights, to environmental preservation. [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/clearit.ca\/canadian-customs-broker-blog\/wp-json\/wp\/v2\/posts\/4144"}],"collection":[{"href":"https:\/\/clearit.ca\/canadian-customs-broker-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/clearit.ca\/canadian-customs-broker-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/clearit.ca\/canadian-customs-broker-blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/clearit.ca\/canadian-customs-broker-blog\/wp-json\/wp\/v2\/comments?post=4144"}],"version-history":[{"count":2,"href":"https:\/\/clearit.ca\/canadian-customs-broker-blog\/wp-json\/wp\/v2\/posts\/4144\/revisions"}],"predecessor-version":[{"id":4147,"href":"https:\/\/clearit.ca\/canadian-customs-broker-blog\/wp-json\/wp\/v2\/posts\/4144\/revisions\/4147"}],"wp:attachment":[{"href":"https:\/\/clearit.ca\/canadian-customs-broker-blog\/wp-json\/wp\/v2\/media?parent=4144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/clearit.ca\/canadian-customs-broker-blog\/wp-json\/wp\/v2\/categories?post=4144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/clearit.ca\/canadian-customs-broker-blog\/wp-json\/wp\/v2\/tags?post=4144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}