Comprehensive Economic and Trade Agreement

The Comprehensive Economic and Trade Agreement (CETA) is a free-trade agreement between Canada and the European Union. It has been provisionally applied, removing 98% of preexisting tariffs between the two parties. The agreement was negotiated between August 2014 and October 2016, and was signed on behalf of Canada by Prime Minister Justin Trudeau on 30 October 2016. The European Parliament approved the deal on 15 February 2017, and the agreement is subject to ratification by the EU and all EU member states. As of 2023, only 17 of 27 EU countries have ratified the agreement, and Cyprus has voted against ratification. The agreement aims to boost trade between the EU and Canada, create new jobs, and facilitate business operations. However, opponents consider that CETA would weaken European consumer rights and criticize it as a boon only for big business and multinational corporations.learn more on wikipedia