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Customs &
Trade News


May 9, 2017

Environmental assessment finds CETA will have few impacts in Canada

Global Affairs Canada announced it has completed a final Environmental Assessment of the Comprehensive Economic and Trade Agreement (CETA) with the European Union (EU) based on negotiated outcomes.

The Assessment concludes that CETA is expected to have only minor environmental impacts in Canada. While the economic impact of the Agreement will likely be important, these will be modest relative to Canada's overall economic activity. These conclusions are backed by a quantitative analysis which concluded that the net impact of increased bilateral trade with EU Member States on Canada's environment would be characterized by only minor increases in GHG emissions, energy and water use.

According to Global Affairs CETA does not compromise the environmental protection measures that Canada has implemented, nor does it constrain Canada's ability to put in place additional policies and programs in this area. Moreover, CETA does not exempt foreign service providers and foreign investors from Canadian laws and regulations.

Interested parties can submit comments on the Final Environmental Assessment of CETA by June 1, 2017.

Link: Final Environmental Assessment of the Canada-European Union Comprehensive Economic and Trade Agreement


 

Transport &
Trade News