CETA: Opportunities for the United Kingdom 1. Discussion Paper
|
|
- Amice Griffith
- 6 years ago
- Views:
Transcription
1 CETA: Opportunities for the United Kingdom 1 Discussion Paper The United Kingdom's economy is very open to trade. Exports from the UK to countries outside the EU support over 3.25 million jobs in the UK. In 2015, the UK exported goods and services of a total value of 9 billion to Canada and imported 14 billion. Trade in Goods Canada is the UK's 5 th largest non-eu market for goods exports. In 2015, the UK's goods exports to Canada amounted to 5.3 billion while its imports were 12 billion. CETA provides for significant savings on customs duties by eliminating 99% of all tariff lines, of which 98% will be scrapped at entry into force. The UK will therefore benefit from this tariff liberalisation on virtually all of its exports, in particular: - Machinery and electrical equipment - This sector employs more than an estimated 380,000 people in the UK. UK exports account for 16% of total EU exports to Canada and stood at more than 1.4 billion in These face low average tariffs but certain products face tariff peaks of 9%. Apart from significant savings on customs duties, CETA allows British companies to do away with costs of double testing thanks to the provisions on recognition of conformity assessment certificates in sectors such as machinery, electrical goods and electronic equipment. These sectors will also benefit from CETA's provisions on public procurement and movement of professionals (see sections hereafter). - Motor vehicles and parts - The UK is the 2 nd largest motor vehicles exporter to Canada among EU Member States. The sector employs more than 800,000 people in the UK. UK exports account for 15% of all EU motor vehicles exports to Canada and stood at more than 700 million in These face tariffs of up to 9.5%. - Pharmaceuticals - In 2015 the British pharmaceutical industry's exports to Canada were worth 360 million. The industry faces very low tariffs but will particularly benefit from CETA's intellectual property provisions (see section hereafter). Furthermore, the protocol on mutual recognition of Good Manufacturing Practices (GMP) will facilitate trade in this sector, by providing for the acceptance of GMP compliance certificates issued by one Party's authorities by the other Party. 1 This factsheet illustrates some potential opportunities created by CETA. The types of information may differ from one Member State to another, depending on the available data and relevance for the Member State concerned. All trade data is sourced from Eurostat for the year 2015 unless otherwise specified. Where available, all sectoral employment data is sourced from the national statistical service of the Member State in question and in some cases other public data sources have been used. 1
2 - Optical instruments and medical instruments - British exports to Canada were valued at 219 million in The Canadian tariffs are up to 8.5% for these goods. - Chemicals British exports of these products amounted to nearly 130 million in Tariffs are in general low with a peak of 6.5%. - Textiles and apparel - This sector employs around 79,000 people in the UK. The UK is also the 2 nd largest wearing apparel exporter and the 3 rd largest textiles exporter among EU Member States to Canada. UK wearing apparel and textile exports account for 15% and 13% of total EU exports of such products to Canada, at 70 million and 30 million respectively. Wearing apparel and textile exports face an average tariff of 16% with a peak of 18% for a large number of product categories. Agricultural and Food Products CETA also offers important opportunities for UK farmers and the agri-food industry. Canada agreed to eliminate duties for 90.9% of all its agricultural tariff lines upon the entry into force of CETA. The UK is the 3 rd largest processed foods exporter among EU Member States accounting for 15% of all EU processed foods exports to Canada. In absolute terms, UK processed foods exports to Canada stood at 360 million in These included: - Confectionery products made of chocolate: UK exports to Canada in this sector were worth 33 million in 2015, and face tariffs of around 6%. - Confectionery products made of sugar: UK exports to Canada in this sector were worth 21 million in 2015, and face tariffs of around 10%. - Cheese: UK cheese exports to Canada were worth 10 million in EU cheese exports to Canada are limited by the EU's portion of an existing WTO duty free quota; outside this quota, exports would face prohibitive tariffs of on average 227% which would make them uncompetitive. CETA offers two new annual import quotas, or permanent TRQs, for EU cheese: 16,800 tons of high-quality cheese (16,000 tons in CETA, and 800 tons that will be added to the EU portion of the existing WTO quota thanks to CETA), and 1,700 tons of industrial cheese. These quantities will be phased in progressively over a period of 5 years. - Gin and whisky: UK exports to Canada in the spirits sector were worth 129 million in 2015 (the majority of which is whisky). Gin faces specific tariffs of 4.92 cents per litre of pure alcohol, but whisky is tariff-free. For spirits such as gin and whisky, tariff elimination is complemented by the removal of other relevant trade barriers, including several 'behind the border' barriers that significantly hampered the EU capacity to penetrate the Canadian market. For instance, 2
3 the cost-of-service-differential fee imposed by the Provincial Liquor Boards on imported wines and spirits will be applied based on volume and not value, and calculated in a more transparent manner, lowering the cost for EU producers to sell their products in Canada. Other important outcomes are (i) a freezing of the number of Canadian off site private outlets, which are the small alternative to the monopoly of the Provincial Liquor Boards and which are only open to Canadian producers, (ii) Provisions addressing the out-ofprovince activities of certain liquor boards which lead to unfair competition in the Canadian territory and in third countries, (iii) the abolition of Canadian requirements to blend imported bulk spirits with local spirits before bottling (that requirement prevented GI labelling). Furthermore, the incorporation of the 2004 EU-Canada Wines and Spirits Agreement also provides stronger legal guarantees, as these provisions will be now made subject to horizontal disciplines, notably dispute settlement. The Agreement also provides a forum for further discussions in the future on any other issue of concern for the EU and Canada related to Wines and Spirits. Therefore names of specific British products such as Scotch Whisky and Plymouth Gin will continue to enjoy full protection. We expect that the combined effect of these measures will be to further increase the EU market share of the Canadian wine and spirit sector. The EU also opens its market to Canadian agricultural products, in order to offer more choice to the consumer, but liberalisation for sensitive products is limited to duty free quotas for some products such as beef and pork. Above agreed quotas for sensitive products, the EU's high tariffs for these products continue to apply. Certain sensitive products like poultry and eggs have been excluded from any tariff liberalisation. Furthermore, the EU remains able to use its traditional tools in order to protect the European farmers, including the entry price system for fruits and vegetables which prevents imports from undercutting EU seasonal produce. This is of particular relevance for British fruit and vegetable producers. Furthermore, all Canadian exports will need to comply with the EU's food safety standards, including its legislation on GMOs and on the use of hormones and antibiotics in food production, and provide proof of such compliance wherever this is required by EU legislation. Trade in Services Canada was the UK's 5th largest non-eu market for services exports in In 2015, the UK's services exports to Canada were at 4.2 billion whereas imports from Canada amounted to 2.5 billion. The UK's main services exports to Canada include transport, tourism, financial, assurance and other professional services (such as R&D and consulting). CETA will improve and secure British companies access to the Canadian services market. For example in the professional services sector, Canada has removed a number of limitations on citizenship and residency conditions for lawyers, accountants, architects and engineers to practice in Canada. CETA also brings legal certainty for EU services exporters: 3
4 Canada has locked in its current level of openness towards EU companies, for example in financial services, telecoms and postal and courier services. CETA also offers new market access in key areas. In particular, Canada takes market access commitments on dredging, on repositioning of empty containers and some opening of feedering activities on the route Halifax-Montreal, which was limited to national operators under previous agreements. Some of these could also be relevant to the UK's maritime sector. Movement of Professionals CETA includes provisions to facilitate the movement of professionals and the recognition of qualifications. These are major issues for companies who provide services (for example for after sales services for exported machines or ICT software), but also for companies that manufacture complex products that require after sales services (installation or maintenance of machinery). Provisions to facilitate movement of people can be particularly beneficial for SMEs, as they may not be able to ensure the presence of permanent staff on the ground to directly supply the service. CETA establishes legal certainty and significantly improves mobility for services suppliers because: (i) it facilitates the transfer of key personnel across the Atlantic, (ii) it allows companies to send staff for after sales services (of particular interest for machinery, software and equipment suppliers) and (iii) it creates a framework for the recognition of professional qualifications for regulated sectors like architects and accountants. Investment The stock of FDI from the UK in Canada was worth 23.5 billion in 2015, making the UK the 4 th largest foreign direct investor in Canada globally. UK companies such as HSBC Bank, Amec Foster Wheeler, Carillion and Burberry have set up affiliates in Canada and have significant investments in areas such as manufacturing, aerospace, life sciences, and engineering services. CETA will further facilitate UK investment to Canada, as Canada has agreed to increase substantially the threshold for review of acquisitions of Canadian companies by non-canadians from CAN $354 million ( million) to CAN$1.5 billion ( 1.4 billion). Canada, on its side, has interest in the UK in many fields, and Canadian investors declared a stock of 18.2 billion in The UK is the most important destination of Canadian FDI in the EU (2nd globally). There are a large number of Canadian affiliates located in the UK, with interests in sectors such as engineering and other professional services (Fasken Martineau LLP, SNC Lavalin and Kevin R Twigger & Associates Ltd), aerospace (Magellan), automotive (Magna), ICT (Com Dev International Ltd, Future Electronics Inc. and BlackBerry) and financial services (Sun Life, Bank of Montreal, Scotiabank and Canaccord Financial Inc.). 4
5 The UK does not have a bilateral investment treaty (BIT) with Canada, a fact that makes the investment protection and the dispute settlement provisions in CETA all the more relevant to British investors in Canada and Canadian investors in the UK. Once CETA enters into force definitively, these provisions will provide British and Canadian investors with greater predictability, transparency, and protection for their investments in Canada and in the UK respectively. Government Procurement With CETA, EU companies will get access to the significant Canadian public procurement market. British companies will have the opportunity to bid to supply goods and services for tenders at all levels of government (whether federal, provincial or municipal). Canada has also agreed to make the tendering process more transparent by publishing all its public tenders (both federal and provincial) on a single procurement website. Canada's government procurement commitments in CETA are the most ambitious Canada has ever granted. Intellectual Property Rights CETA gives British innovations, copyrights and trademarks a similar level of protection in Canada as they enjoy in Europe. In particular, Canada will align its copyright protection to international standards. This is an important outcome as it will protect the intellectual property of the EU's creative industries (artworks, publications, music or software) including its dissemination through new technologies and communication systems such as the internet. The chapter on Intellectual Property Rights, besides provisions on copyright, trademarks and designs, also encompasses intellectual property rights for pharmaceuticals. The agreement includes the possibility of up to two years of additional patent protection to compensate for undue delays in granting the marketing authorisation that reduce the useful life of the patent, a commitment to ensure that all litigants are afforded an effective right of appeal under Canada's patent linkage regime (the link between the marketing authorisation for a generic drug and the patent status of the originator drug), and a commitment to maintain Canada's current practice of offering eight years of data protection. This is critical to the UK's interests, given the importance of pharmaceuticals in the UK's exports to Canada. SMEs British SMEs are very export oriented and make up 90% of the total number of British exporting enterprises. They will be able to take full advantage of CETA. Reduced trade barriers, tariff elimination, simplified customs procedures and more compatible technical requirements lower export related costs. This allows SMEs to better compete with large companies, to sell the same product (or with fewer modifications) into both markets and to participate more in supply chains and e-commerce. Specific provisions reinforce the CETA 5
6 benefits for small companies, such as the consideration of SME needs in electronic commerce, improved access to information on public procurement tenders and the use of the Investment Court System (ICS). The ICS provisions in CETA allow faster proceedings and reduced costs for SMEs in litigations. 6
The EU-Canada Comprehensive Economic and Trade Agreement (CETA) Opening up a wealth of opportunities for people in Hungary
The EU-Canada Comprehensive Economic and Trade Agreement (CETA) Opening up a wealth of opportunities for people in Hungary CETA will benefit people across Hungary It'll do so by: Scrapping customs tariffs
More informationThe EU-Canada Comprehensive Economic and Trade Agreement (CETA) Opening up a wealth of opportunities for people in Denmark
The EU-Canada Comprehensive Economic and Trade Agreement (CETA) Opening up a wealth of opportunities for people in Denmark CETA will benefit people across Denmark It'll do so by: Scrapping customs tariffs
More informationThe EU-Canada Comprehensive Economic and Trade Agreement (CETA) Opening up a wealth of opportunities for people in Germany
The EU-Canada Comprehensive Economic and Trade Agreement (CETA) Opening up a wealth of opportunities for people in Germany CETA will benefit people across Germany It'll do so by: Scrapping customs tariffs
More informationThe Canada-European Union Comprehensive Economic and Trade Agreement (CETA)
The Canada-European Union Comprehensive Economic and Trade Agreement (CETA) Making History Complete CETA text reached in August 2014, marking the end of negotiations. Canada and the EU finished the legal
More informationFREE TRADE AGREEMENT BETWEEN THE EFTA STATES AND MEXICO
FREE TRADE AGREEMENT BETWEEN THE EFTA STATES AND MEXICO SUMMARY The Free Trade Agreement between the EFTA States and Mexico was signed in Mexico City on 27 November 2000 and entered into force on 1 July
More informationOverview of CETA. Caroline Charette Director, CETA Secretariat. Global Affairs Canada. November 15, 2017
Overview of CETA Caroline Charette Director, CETA Secretariat Global Affairs Canada November 15, 2017 Creating a Strategic Advantage for Canada World GDP*, 2016 $ Billions ROW 51% NAFTA * 27% EU** 22%
More informationPresented by Bob Sacco, GTA Trade & Customs Leader
CETA New Opportunities for Canada & Belgium Trade & Investment Seminar Presented by Bob Sacco, GTA Trade & Customs Leader October 30, 2015 Agenda Trade & Customs What s new Free Trade Agreements Comprehensive
More informationHow CETA Will Benefit
Opening New Markets in Europe Creating Jobs and Opportunities for Canadians How CETA Will Benefit Saskatchewan Creating jobs and opportunities for Saskatchewanians The Canada-European Union Comprehensive
More informationSPECIAL REPORT India-EU FTA: Where is the Europe s Trade Agenda Headed? Kavaljit Singh. February 23, 2012
SPECIAL REPORT India-EU FTA: Where is the Europe s Trade Agenda Headed? Kavaljit Singh February 23, 2012 The internal documents of the European Commission reveal the disgraceful attempts to push for higher
More informationHow CETA Will Benefit the
Opening New Markets in Europe Creating Jobs and Opportunities for Canadians How CETA Will Benefit the Northwest Territories Creating jobs and opportunities for Northwest Territories residents The Canada-European
More informationPANAMA TRADE SUMMARY. The United States-Panama Trade Promotion Agreement
PANAMA TRADE SUMMARY The U.S. goods trade surplus with Panama was $9.4 billion in 2012, an increase of $1.5 billion 2011. U.S. goods exports in 2012 were $9.9 billion, up 20.3 percent from the previous
More informationDOMINICAN REPUBLIC TRADE SUMMARY
DOMINICAN REPUBLIC TRADE SUMMARY The U.S. goods trade surplus with the Dominican Republic was $1.9 billion in 2007, an increase of $1.1 billion from $818 million in 2006. U.S. goods exports in 2007 were
More informationOverview of EDC & CETA Opportunities. Klaus Houben, Regional Director Europe, Russian Federation and CIS The Hague, December 6, 2016
Overview of EDC & CETA Opportunities Klaus Houben, Regional Director Europe, Russian Federation and CIS The Hague, December 6, 2016 OUTLINE 1 2 3 4 EDC Overview EDC in Europe EDC Solutions CETA Opportunities
More informationPre-Hearing Statement of Linda M. Dempsey, Vice President, International Economic Affairs, National Association of Manufacturers
Pre-Hearing Statement of Linda M. Dempsey, Vice President, International Economic Affairs, National Association of Manufacturers Before the U.S. International Trade Commission Hearing on Investigation
More informationCHILE TRADE SUMMARY IMPORT POLICIES. Tariffs
CHILE TRADE SUMMARY The U.S. goods trade deficit with Chile was $692 million in 2007, a decrease of $2.1 billion from $2.8 billion in 2006. U.S. goods exports in 2007 were $8.3 billion, up 22.5 percent
More informationCETA: Opening New Doors for European Businesses in Canada
CETA: Opening New Doors for European Businesses in Canada Mario Nigro Eric Bremermann November 2016 FALL 2016 CETA Setting New Standards Eliminates Most Tariffs Promotes and Protects Investment Addresses
More informationCETA: Europe's Next Trade Step
European Commission Speech [Check against delivery] CETA: Europe's Next Trade Step Workshop on the EU-Canada Comprehensive Economic and Trade Agreement (CETA) Brussels, 9 December 2015 Cecilia Malmström,
More informationCOSTA RICA. Foreign Trade Barriers 71
COSTA RICA In 1997, the U.S. trade deficit with Costa Rica was $300 million, an increase of $140 million from the U.S. trade deficit of $160 million in 1996. U.S. merchandise exports to Costa Rica were
More informationCanada-EU Trade Agreement: Inching towards Implementation
Canada-EU Trade Agreement: Inching towards Implementation Dr. Robert Finbow, Professor of Political Science Deputy Director, Jean Monnet European Union Centre of Excellence Dalhousie University Prepared
More informationHow CETA Will Benefit
Opening New Markets in Europe Creating Jobs and Opportunities for Canadians How CETA Will Benefit Yukon Creating jobs and opportunities for Yukoners The Canada-European Union Comprehensive Economic and
More informationCANADA. The U.S.-Canada Free Trade Agreement and the North American Free Trade Agreement
CANADA In 1996, the U.S. trade deficit with Canada was $23.9 billion, an increase of $5.8 billion from the U.S. trade deficit of $18.2 billion in 1995. U.S. merchandise exports to Canada were $132.6 billion,
More informationCOSTA RICA IMPORT POLICIES. Tariffs and Other Import Charges
COSTA RICA In 1998, the U.S. trade deficit with Costa Rica was $446 million, an increase of $146 million from 1997. U.S. merchandise exports to Costa Rica were $2.3 billion, an increase of $275 million
More informationANNEX. to the. Recommendation for a Council Decision. authorising the opening of negotiations for a Free Trade Agreement with New Zealand
EUROPEAN COMMISSION Brussels, 13.9.2017 COM(2017) 469 final ANNEX 1 ANNEX to the Recommendation for a Council Decision authorising the opening of negotiations for a Free Trade Agreement with New Zealand
More information*** DRAFT RECOMMENDATION
European Parliament 2014-2019 Committee on International Trade 2018/0091(NLE) 5.9.2018 *** DRAFT RECOMMDATION on the draft Council decision on the conclusion of the Agreement between the European Union
More informationCANADA TRADE SUMMARY. Trade Agreements
CANADA TRADE SUMMARY The U.S. goods trade deficit with Canada was $15.2 billion in 2015, a 57.1 percent decrease ($20.2 billion) over 2014. U.S. goods exports to Canada were $280.0 billion, down 10.4 percent
More informationPascal Kerneis Managing Director ESF (European Services Forum)
Pascal Kerneis Managing Director ESF (European Services Forum) 90 «The voice of the European Service Industries for World Economy: Percentage of GDP by Sector - 2016 80 70 76.7 73.1 67.2 69.2 68.8 65 60
More informationPANAMA TRADE SUMMARY TRADE PROMOTION AGREEMENT
PANAMA TRADE SUMMARY The U.S. goods trade surplus with Panama was $5.7 billion in 2010, an increase of $1.7 billion from 2009. U.S. goods exports in 2010 were $6.1 billion, up 41.4 percent from the previous
More informationGuide to the. EU-Singapore Free Trade Agreement and Investment Protection Agreement. April 2018
Guide to the EU-Singapore Free Trade Agreement and Investment Protection Agreement April 2018 Contents Overview Two agreements to boost EU trade and investment and support jobs In figures The EU-Singapore
More informationIntroduction. Comprehensive Economic and Trade Agreement, published last fall, gained insights from the relevant academic and policy
Speaking Notes for Jock Finlayson, Executive Vice President, Business Council of British Columbia, on the Canada-EU Comprehensive Economic and Trade Agreement Before the House of Commons Standing Committee
More informationOffice of the United States Trade Representative Washington, DC February 8, 2004
Trade Facts Office of the United States Trade Representative www.ustr.gov Washington, DC Free Trade Down Under Summary of the U.S.-Australia Free Trade Agreement Expanding U.S. Manufacturing Access to
More informationInternational Trade Bulletin
March 2014 International Trade Bulletin The Long and Winding Road - Canada-Korea Free Trade Agreement Signed After a ten year rollercoaster negotiation, Canada and South Korea ( Korea ) signed the Canada-Korea
More informationCETA - BILATERAL TRADE AGREEMENT BETWEEN THE EU AND CANADA
CETA - BILATERAL TRADE AGREEMENT BETWEEN THE EU AND CANADA Ludmila Borta * Abstract: The international trade for wide world countries in the means more growth, more jobs and access on more products at
More informationThe Canada-EU Comprehensive Economic and Trade Agreement
European Union Centre of Excellence Policy Briefs University of Alberta Number 1, 2014 The Canada-EU Comprehensive Economic and Trade Agreement The European Union Centre of Excellence has been co-funded
More informationA New Challenge to Canada s European Trade Ambitions October 2017
Brexit: A New Challenge to Canada s European Trade Ambitions October 2017 Canada was putting the finishing touches on a free trade deal with Europe when Brexit threw a spanner in the works. The Comprehensive
More informationEU Trade Policy and CETA
EU Trade Policy and CETA http://www.youtube.com/watch?v=iioc5xg2i5y The EU a major trading power European Commission, 2013 The EU a major trading power % of global exports, goods, 2012 % of global exports,
More informationReport of the EU-India High Level Trade Group to The EU-India Summit
Report of the EU-India High Level Trade Group to The EU-India Summit 13 TH October 2006 CHAPTER ONE OVERVIEW OF HLTG ACTIVITIES 1.1 The 2005 EU-India Summit generated a serious political commitment to
More informationPANAMA FOREIGN TRADE BARRIERS 367 TRADE SUMMARY
TRADE SUMMARY The U.S. trade surplus with Panama was $1.5 billion in 2003, an increase of $443 million from $1.1 billion in 2002. U.S. goods exports in 2003 were $1.8 billion, an increase of 31 percent
More informationFOREIGN TRADE BARRIERS
TRADE SUMMARY CANADA Canada has an affluent, high-technology and market-oriented economy. Its close proximity to the United States fosters a volume of two-way bilateral merchandise trade that is larger
More informationDOMINICAN REPUBLIC TRADE SUMMARY IMPORT POLICIES FOREIGN TRADE BARRIERS -167-
DOMINICAN REPUBLIC TRADE SUMMARY The U.S. goods trade surplus with Dominican Republic was $819 million in 2006, an increase of $704 million from $115 million in 2005. U.S. goods exports in 2006 were $5.3
More informationENHANCING TRADE AND INVESTMENT, SUPPORTING JOBS, ECONOMIC GROWTH AND DEVELOPMENT: OUTLINES OF THE TRANS-PACIFIC PARTNERSHIP AGREEMENT
OFFICE OF THE UNITED STATES TRADE REPRESENTATIVE EXECUTIVE OFFICE OF THE PRESIDENT WASHINGTON, D.C. ENHANCING TRADE AND INVESTMENT, SUPPORTING JOBS, ECONOMIC GROWTH AND DEVELOPMENT: OUTLINES OF THE TRANS-PACIFIC
More informationoverview FACT SHEET trans-pacific partnership TPP
CANADA JAPAN UNITED STATES OF AMERICA MEXICO VIET NAM BRUNEI MALAYSIA SINGAPORE PERU AUSTRALIA NEW ZEALAND CHILE trans-pacific partnership overview FACT SHEET will give New Zealand better access to globally
More informationPANAMA TRADE SUMMARY TRADE PROMOTION AGREEMENT
PANAMA TRADE SUMMARY The U.S. goods trade surplus with Panama was $3.4 billion in 2007, an increase of $1.1 billion from $2.3 billion in 2006. U.S. goods exports in 2007 were $3.7 billion, up 38.5 percent
More informationOffice of the United States Trade Representative U.S. PERU TRADE PROMOTION AGREEMENT Policy Brief December 2005
Peru TPA Facts Office of the United States Trade Representative U.S. PERU TRADE PROMOTION AGREEMENT Policy Brief December 2005 Free Trade with Peru: Summary of the U.S.-Peru Trade Promotion Agreement The
More informationEconomic Impact of Canada s Participation in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership
Economic Impact of Canada s Participation in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership Office of the Chief Economist, Global Affairs Canada February 16, 2018 1. Introduction
More informationStockholm Seminar on Japan what is the agreement in principle?"
European Commission Speech [Check against delivery] Stockholm Seminar on Japan what is the agreement in principle?" Stockholm, 29 September 2017 EU Trade Commissioner Cecilia Malmström Lecture by Cecilia
More informationOur position. Towards a Comprehensive Economic Partnership Agreement between the EU and Indonesia
Towards a Comprehensive Economic Partnership Agreement AmCham EU speaks for American companies committed to Europe on trade, investment and competitiveness issues. It aims to ensure a growth-orientated
More informationBUSINESSEUROPE POSITION ON THE EU-KOREA FREE-TRADE AGREEMENT (FTA)
POSITION PAPER 18 July 2007 BUSINESSEUROPE POSITION ON THE EU-KOREA FREE-TRADE AGREEMENT (FTA) SUMMARY BUSINESSEUROPE calls for: An ambitious EU-Korea FTA covering goods, investments, services and trade
More informationCARIBBEAN REGIONAL NEGOTIATING MACHINERY SPECIAL AND DIFFERENTIAL TREATMENT PROVISIONS IN THE CARIFORUM-EC ECONOMIC PARTNERSHIP AGREEMENT
CARIBBEAN REGIONAL NEGOTIATING MACHINERY SPECIAL AND DIFFERENTIAL TREATMENT PROVISIONS IN THE CARIFORUM-EC ECONOMIC PARTNERSHIP AGREEMENT Background 1. Before proceeding to chronicle the Special and Differential
More informationEuropean Union s Free Trade Agreements: Overview and Prospect Examples of Korea, Canada and USA
European Union s Free Trade Agreements: Overview and Prospect Examples of Korea, Canada and USA The recent Free Trade Agreements ( FTAs ) negotiated between the European Union with Korea, Canada and the
More informationCOLOMBIA TECHNICAL BARRIERS TO TRADE / SANITARY AND PHYTOSANITARY BARRIERS
COLOMBIA TRADE SUMMARY U.S. goods exports in 2014 were $20.3 billion, up 10.5 percent from the previous year. Colombia is currently the 19th largest export market for U.S. goods. Corresponding U.S. imports
More informationNCCC CETA Seminar: What Does it Mean for You? December 6, 2016 Sameena Qureshi, Senior Trade Commissioner Embassy of Canada to the Netherlands
The Canada-European Union Comprehensive Economic and Trade Agreement (CETA) NCCC CETA Seminar: What Does it Mean for You? December 6, 2016 Sameena Qureshi, Senior Trade Commissioner Embassy of Canada to
More informationFactsheet: Trade in Goods
Factsheet: Trade in Goods The Korea-Australia Free Trade Agreement (KAFTA) is a comprehensive agreement that, since its entry into force in December 2014, is substantially liberalising trade with Korea
More informationMODERNIZING SERVICES IN. Sherry Stephenson Senior Fellow, ICTSD NAFTA
MODERNIZING SERVICES IN Sherry Stephenson Senior Fellow, ICTSD NAFTA Let s examine four aspects around NAFTA and Services v WHAT DID NAFTA 1.0 ACHIEVE IN SERVICES? v WHAT HAS CHANGED IN THE WORLD OF SERVICES
More informationPANAMA TRADE SUMMARY FREE TRADE NEGOTIATIONS IMPORT POLICIES. Tariffs FOREIGN TRADE BARRIERS -451-
PANAMA TRADE SUMMARY The U.S. goods trade surplus with Panama was $2.3 billion in 2006, an increase of $493 million from $1.8 billion in 2005. U.S. goods exports in 2006 were $2.7 billion, up 25.2 percent
More informationCOSTA RICA. Free Trade Agreement. Tariffs TRADE SUMMARY
COSTA RICA TRADE SUMMARY The U.S. goods trade surplus with Costa Rica was $638 million in 2007, an increase of $349 million from 2006. U.S. goods exports in 2007 were $4.6 billion, up 10.9 percent. U.S.
More informationEuropean Union Centre of Excellence Policy Briefs University of Alberta. Number 1, 2014
European Union Centre of Excellence Policy Briefs University of Alberta Number 1, 2014 The Canada-EU Comprehensive Economic and Trade Agreement: The Comprehensive Economic and Trade Agreement between Canada
More informationCANADA-KOREA FREE TRADE AGREEMENT
CANADA-KOREA FREE TRADE AGREEMENT Creating Jobs and Opportunities for Canadians Provincial and Territorial Benefits Her Majesty the Queen in Right of Canada, 2014 All requests for permission to reproduce
More informationAPEC s Bogor Goals Progress Report (as at 8 August 2014) Highlights of Achievements and Areas for Improvement
Progress Report - APEC 1 APEC s Bogor Goals Progress Report (as at 8 August 2014) Highlights of Achievements and Areas for Improvement - Marginal reduction of the APEC average MFN tariff after 2010. While
More informationPERU TRADE SUMMARY FREE TRADE NEGOTIATIONS
PERU TRADE SUMMARY The U.S. goods trade deficit with Peru was $2.8 billion in 2005, an increase of $1.2 billion from $1.6 billion in 2004. U.S. goods exports in 2005 were $2.3 billion, up 9.0 percent from
More informationEconomic Impact of Canada s Potential Participation in the Trans-Pacific Partnership Agreement
Economic Impact of Canada s Potential Participation in the Trans-Pacific Partnership Agreement Office of the Chief Economist Show table of contents 1. Introduction The Trans-Pacific Partnership Agreement
More information2005/FTA-RTA/WKSP/010a Peru s FTAs/RTAs
/FTA-RTA/WKSP/010a Peru s FTAs/RTAs Submitted by: Julio Chan APEC Director, Ministry of Foreign Trade and Tourism, Peru Workshop on Identifying and Addressing Possible Impacts of RTAs/FTAs Development
More informationPANAMA. Foreign Trade Barriers 297
PANAMA In 1996, the U.S. trade surplus with Panama was $1.0 billion, a decrease of $52 million from the U.S. trade surplus of $1.1 billion in 1995. U.S. merchandise exports to Panama were $1.4 billion,
More informationhttp://e-asia.uoregon.edu HONG KONG TRADE SUMMARY The U.S. trade surplus with Hong Kong was $6.5 billion in 2004, an increase of $1.8 billion from $4.7 billion in 2003. U.S. goods exports in 2004 were
More informationThe CETA and British Columbia: Impacts and Opportunities
The CETA and British Columbia: Impacts and Opportunities Trade Policy and Negotiations Branch Ministry of International Trade University of Victoria, European Studies Feb 18.16 1 Overview Ministry of International
More informationCANADA FOREIGN TRADE BARRIERS
TRADE SUMMARY CANADA Canada has an affluent, high-technology, marketoriented economy. Its proximity to the United States and its general liberal trade regime has resulted in the volume of two-way bilateral
More informationCANADA. A Trading Relationship Based on Free Trade
CANADA Canada continues to be the United States' foremost export market and single largest trading and investment partner. In 1998, the U.S. trade deficit with Canada was $20.7 billion, a decrease of $2.8
More informationCanada Gazette, 12 April 2003; volume 137, no. 15
CONSULTATIONS ON ENHANCING CANADA-EUROPEAN UNION TRADE AND ECONOMIC RELATIONS MULTILATERALLY AND THROUGH A NEW BILATERAL TRADE AND INVESTMENT INITIATIVE Canada Gazette, 12 April 2003; volume 137, no. 15
More informationHONDURAS TRADE SUMMARY
HONDURAS TRADE SUMMARY The U.S. trade deficit with Honduras was $565 million in 2004, an increase of $78 million from $486 million in 2003. U.S. goods exports in 2004 were $3.1 billion, up 8.9 percent
More informationCETA : The Canada-EU Agreement. A New Standard in Trade Liberalization
Nº 191 26/7/2016 ECONOMY CETA : The Canada-EU Agreement. A New Standard in Trade Liberalization Honorable Stockwell Day, P.C Canada s Minister of International trade when CETA negotiations were initiated.
More informationSUBMISSION TO THE MINISTRY OF FOREIGN AFFAIRS AND TRADE PROPOSED NEW ZEALAND/EUROPEAN UNION FREE TRADE AGREEMENT FEBRUARY 2016
SUBMISSION TO THE MINISTRY OF FOREIGN AFFAIRS AND TRADE PROPOSED NEW ZEALAND/EUROPEAN UNION FREE TRADE AGREEMENT FEBRUARY 2016 Introduction and Summary This submission is made on behalf of the New Zealand
More informationCETA s Legal and Political Implications for the TTIP. David A. Gantz Samuel M. Fegtly Professor
CETA s Legal and Political Implications for the TTIP David A. Gantz Samuel M. Fegtly Professor Introduction Completion of CETA Negotiations (except for investment chapter?) raises significant challenges
More informationStatement to the Senate Standing Committee on Agriculture and Forestry
Statement to the Senate Standing Committee on Agriculture and Forestry Regarding international market access priorities for the Canadian agricultural and agri-food sector Brian Kingston, Senior Associate
More information( ) Page: 1/79 FACTUAL PRESENTATION
19 January 2015 (15-0350) Page: 1/79 Committee on Regional Trade Agreements FACTUAL PRESENTATION TRADE AGREEMENT BETWEEN THE EUROPEAN UNION AND ITS MEMBER STATES, OF THE ONE PART AND COLOMBIA AND PERU,
More informationCOMMISSION STAFF WORKING DOCUMENT EXECUTIVE SUMMARY OF THE IMPACT ASSESSMENT ON THE FUTURE OF THE EU-US TRADE RELATIONS. Accompanying the document
EUROPEAN COMMISSION Strasbourg, 12.3.2013 SWD(2013) 69 final COMMISSION STAFF WORKING DOCUMENT EXECUTIVE SUMMARY OF THE IMPACT ASSESSMENT ON THE FUTURE OF THE EU-US TRADE RELATIONS Accompanying the document
More informationAdvantageBC. September 19, Don Campbell
AdvantageBC September 19, 2017 Don Campbell CETA: What is the Agreement? Gold Standard Economic Partnership Agreement between Canada and European Union Most Comprehensive agreement ever negotiated model
More informationThe Political Economy of CETA: A European Perspective. Carsten Hefeker University of Siegen
The Political Economy of CETA: A European Perspective Carsten Hefeker University of Siegen Canada-EU Economic Relations Canada is 12th most important trading partner, Europe is Canada s 2nd most important
More information26% Currently identifying Brexit risks and opportunities, but consider no need for a contingency plan at this stage
77% of UK professional firms are currently analysing the likely impact of hard and soft on the UK s largest sector, with 20% of contingency plans already being implemented The Forum s second survey was
More informationASEAN Comprehensive Investment Agreement and the ASEAN Economic Community. Madelyn Joy Almazora Services & Investment Division ASEAN Secretariat
ASEAN Comprehensive Investment Agreement and the ASEAN Economic Community Madelyn Joy Almazora Services & Investment Division ASEAN Secretariat 1 Development of ASEAN Investment Frameworks ASEAN IGA, 1987
More informationHONDURAS. As a member of the Central American Common Market, Honduras agreed in 1995 to reduce its common external tariff to a maximum of 15 percent.
HONDURAS TRADE SUMMARY The U.S. goods trade balance with Honduras went from a trade deficit of $30 million in 2006 to a trade surplus of $551 million in 2007. U.S. goods exports in 2007 were $4.5 billion,
More informationBenefits to U.S. Agriculture
FACT SHEET: North American Free Trade Agreement (NAFTA) The final provisions of the North American Free Trade Agreement (NAFTA) were fully implemented on January 1, 2008. Launched on January 1, 1994, NAFTA
More informationREPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL
EUROPEAN COMMISSION Brussels, 18.3.2015 COM(2015) 131 final REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL Annual Report on the Implementation of Part IV of the EU-Central America
More informationCOMMISSION STAFF WORKING DOCUMENT. EXECUTIVE SUMMARY Accompanying OF THE IMPACT the document ASSESSMENT REPORT ON EU- JAPAN TRADE RELATIONS
EUROPEAN COMMISSION EUROPEAN COMMISSION Brussels, XXX SWD(2012) 210 Brussels, XXX Brussels, 18.07.2012 SWD(2012) 210 COMMISSION STAFF WORKING DOCUMENT EXECUTIVE SUMMARY OF THE IMPACT ASSESSMENT REPORT
More informationComparison of the UK Government, European Council and European Parliament s positions on future UK-EU relations (5 June 2018)
Comparison of the UK overnment, European Council and European Parliament s positions on future UK-EU relations (5 June 2018) Key: reen=broad agreement both on the desired outcome and the means of achieving
More informationRussia as a new member of the WTO. dr. Péter P. Balás DDG Trade Prague, November 2012
Russia as a new member of the WTO dr. Péter P. Balás DDG Trade Prague, November 2012 1 Overview Why Russia s WTO accession is important? Russia as an economic partner of the EU The Russian accession process
More informationSubmission to the House of Commons Standing Committee on Finance. Priorities for the 2015 Federal Budget
Submission to the House of Commons Standing Committee on Finance The (CCCE) commends the government s commitment to sound management of public finances. With a small surplus expected in 2015-16, Budget
More informationSWITZERLAND AND EUROPE. 4.1 Trade and Direct Investments Political and Economic Cooperation The Euro... 57
SWITZERLAND AND EUROPE 4.1 Trade and Direct Investments... 53 4.2 Political and Economic Cooperation... 53 4.3 The Euro... 57 4 Image European Union delegation for Switzerland and the Principality of Liechtenstein,
More informationEURASIAN ECONOMIC UNION: LEGAL FRAMEWORK MOSCOW, 13 NOVEMBER 2014
EURASIAN ECONOMIC UNION: LEGAL FRAMEWORK MOSCOW, 13 NOVEMBER 2014 WHAT IS THE EURASIAN ECONOMIC UNION? The Eurasian Economic Union (the EEU) is an international organization of the regional economic integration
More informationCanadian Intellectual Property Office Submission to Competition Policy Review Panel January 11,2008
Canadian Intellectual Property Office Submission to Competition Policy Review Panel January 11,2008 I. Introduction The Canadian Intellectual Property Office (CIPO) is the agency of Industry Canada responsible
More informationRe: Consulting Canadians on a possible Canada-ASEAN Free Trade Agreement
October 16, 2018 Canada ASEAN trade consultations Global Affairs Canada Trade Policy and Negotiations Division (TCA) Lester B. Pearson Building 125 Sussex Drive Ottawa, Ontario K1A 0G2 Via email: CanadaASEAN-ANASE.Consultations@international.gc.ca
More informationLIMITED LIMITED 1. CETA Services and Investment Reservations Canada Federal Annex II 1 August 2014 Annex II. Schedule of Canada.
Annex II Schedule of Canada Aboriginal Affairs National Treatment (Articles and ) Market Access (Articles and ) Most Favoured Nation Treatment ( and ) Performance Requirements (Article ) Senior Management
More informationPublic Affairs 856 Trade, Competition, and Governance in a Global Economy Lecture 23 4/12/2016. Instructor: Prof. Menzie Chinn UW Madison Spring 2017
Public Affairs 856 Trade, Competition, and Governance in a Global Economy Lecture 23 4/12/2016 Instructor: Prof. Menzie Chinn UW Madison Spring 2017 Outline NAFTA Brexit 2 The First Big RTA for the US
More informationNational Interest Analysis
National Interest Analysis Date of proposed binding Treaty action Scope Reasons for New Zealand to become party to the Treaty Impacts on New Zealand of the Treaty entering into force Obligations Economic,
More informationNEW ZEALAND MALAYSIA FREE TRADE AGREEMENT
NEW ZEALAND MALAYSIA FREE TRADE AGREEMENT (and associated instruments) NATIONAL INTEREST ANALYSIS CONTENTS EXECUTIVE SUMMARY 2 1 NATURE AND TIMING OF PROPOSED TREATY ACTIONS 10 2 REASONS FOR NEW ZEALAND
More informationQuestionnaire on a free trade agreement with the Philippines. Feedback from Industry stakeholders
Questionnaire on a free trade agreement with the Philippines Feedback from Industry stakeholders Date: 29/07/2016 I. BACKGROUND OF THE QUESTIONNAIRE DG Trade launched a questionnaire on the future EU-Philippines
More informationMEETING ON EU-VIETNAM FTA
CIVIL SOCIETY DIALOGUE MEETING ON EU-VIETNAM FTA Date: 6 October 2015 Time: 14.30 16.30 Location: Room Mansholt, Charlemagne Building Lead speaker Helena König, Director, Asia and Latin America, Directorate-General
More informationThe Global Economy Part I
The Global Economy Part I We have global markets which make us extremely interdependent so that what goes on in individual countries is of consequence to us all. -George Soros International Trade The flow
More informationEU / Canada Free Trade Agreement (CETA) Exploring the opportunities between Canada and Ireland. Introducing Eversheds Sutherland Ireland
Exploring the opportunities between Canada and Ireland Introducing Eversheds Sutherland Ireland Ireland at a glance 9 of 9 of 13 9 the top 10 global software companies the world s top 10 pharmaceutical
More informationDo as I say, not as I do
Do as I say, not as I do The unfair terms for Viet Nam s entry to the WTO 9 May 2005 In 2005, its tenth year of accession negotiations, Viet Nam hopes to achieve full WTO membership. After 15 years of
More informationAn annotated agenda on EU UK trade and investment negotiations. Ozlem Taytas Ozturk (London School of Economics and Political Science)-June 2018
An annotated agenda on EU UK trade and investment negotiations Ozlem Taytas Ozturk (London School of Economics and Political Science)-June 2018 Tariffs Introduction The EU UK negotiations are entering
More informationCANADA TRADE SUMMARY. The North American Free Trade Agreement
CANADA TRADE SUMMARY The U.S. goods trade deficit with Canada was $32.5 billion in 2012, down $2.0 billion from 2011. U.S. goods exports in 2012 were $291.8 billion, up 3.9 percent from the previous year.
More information