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Canadians stand to greatly benefit from a concluded CETA: CME

Published by Carlos Castro on October 17, 2013

News that a Comprehensive Economic and Trade Agreement (CETA) between Canada and the European Union is within reach is a positive sign for Canadians in all provinces, Canadian Manufacturers & Exporters (CME) told premiers in a letter issued today by Canada’s largest industry and trade association. 

With negotiations set to conclude in the very near future, a completed CETA represents a unique opportunity for Canadian businesses to gain preferential access to the largest and most lucrative market in the world.

“The agreement opens markets for small businesses looking to export goods and services, invest, and commercialize new technologies in Europe and other markets around the world,” says CME President & CEO Jayson Myers. “The most modest economic analysis of the CETA indicates 80,000 new jobs could be created for Canadians by Canadian exporters as a result of the deal.” 

The agreement’s terms are important for Canadian businesses operating in international markets, including guaranteed access to sub-national and national procurement markets, greater regulatory cooperation and mutual recognition of standards testing, easier access for business travellers, as well as immediate tariff elimination for most traded goods.

“There is a lot of opportunity in this deal,” notes Myers, “including for Canadian dairy producers that are concerned they may see more European cheese on Canadian store shelves.” The deal will provide consumers of cheese – including Canada’s high-quality dairy products – greater choice in a large and open market where manufacturers can compete and prosper, he adds.

CME has been active on this file since its inception and will continue to monitor and pursue its progress. 

 

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