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September 27, 2018
One-year anniversary of entry into force of the Canada-EU free trade agreement
Canada and the European Union (EU) announced that the Joint Committee established under the Canada-EU Comprehensive Economic and Trade Agreement (CETA) held its first meeting in Montreal, Canada, co-chaired by Canadian Minister for International Trade Diversification, James Carr, and Commissioner for Trade, Cecilia Malmström.
The meeting was an occasion to celebrate the one-year anniversary of the provisional application of CETA. In this first year Canada and the EU have benefitted from increased trade in many sectors.
Minister Carr and Commissioner Malmström reviewed the progress achieved since the start of provisional application on September 21, 2017, took stock of the status of the implementation of the Agreement, and discussed how CETA is creating new opportunities for people on both sides of the Atlantic.
The Committee adopted three recommendations setting the stage for further work under CETA, specifically on trade and small and medium-sized enterprises (SMEs), climate change and the Paris Agreement, and trade and gender.
To increase trade and investment opportunities for SMEs, contact points and a dedicated website for such companies will be set up, to take into account the needs of SMEs in the implementation of CETA.
Minister Carr and Commissioner Malmström agreed to hold the second meeting of the CETA Joint Committee next year in Europe to review further progress, and to ensure that the agreement continues to deliver tangible benefits on both sides of the Atlantic.
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