ONB Webinar - CETA Briefing Session and Q&A
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WEBINAR – CETA BRIEFING AND Q&A SESSION Hosted by Suzanne Turmel, Director, Export Development
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Transcript of ONB Webinar - CETA Briefing Session and Q&A
WEBINAR – CETA BRIEFING AND Q&A SESSION Hosted by Suzanne Turmel, Director, Export Development
ABOUT OPPORTUNITIES NB
Opportunities NB (ONB) is New Brunswick’s lead business development organization working with companies inside and outside the province to drive economic growth and job creation in New Brunswick.
A nimble, results-driven and client-centric organization, ONB is a Crown Corporation, strategically led by a private sector Board of Directors made up of business leaders from New Brunswick companies and academia.
ONB believes strongly in the future of New Brunswick and since its inception on April 1, 2015, has successfully been the catalyst for competitive and innovative economic growth and job creation for the benefit of New Brunswick today and for generations to come.
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Canada-European Union
Comprehensive Economic
and Trade Agreement
Making History
After seven years of negotiations, leaders signed CETA at the Canada-EU Summit in Brussels on October 30, 2016. Provisional application started on September 21, 2017
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The EU is Canada’s 2nd largest trade and
investment partner
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10
20
30
40
50
60
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Merchandise Services
Canada-EU Bilateral Trade, 2015
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25
50
75
100
125
150
175
200
225
250
CDIA FDI
Canada-EU Bilateral Investment, 2015 (Known Stock)
Source: CETA Secretariat, DFATD Data: Statistics Canada
$ Billions $ Billions
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EX
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Source: CETA Secretariat, DFATD Data: Statistics Canada
EX
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CETA: An ambitious agreement
EU** 22.6%
NAFTA* 26.7%
ROW 50.7%
World GDP*, 2015
* Excludes Canada ** Includes the UK
Source: CETA Secretariat, GAC Data: IMF, WEO 6
Scope and Coverage
CETA
Goods
Non-tariff Barriers & Regulatory
Cooperation
Intellectual property
Government Procurement
Services & Investment
Sustainable Development,
Labour & Environment
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Steps remaining prior to
implementation
Canadian Ratification Process
EU Ratification Process
Provisional application on September 21, 2017
What is provisional application?
When an agreement covers more than just exclusive EU competencies
Can apply parts of the agreement before Member States have ratified, but:
• Only parts of the agreement that are EU competence or shared competence
• Only after EU ratification (Council and European Parliament)
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Scope of Provisional Application
Not Included: ICS,Portfolio Investment, andCamcording
Not included: parts of the Investment chapter, camcording
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Member State Ratification
• 27 of 28 National
Parliaments need to vote
• 38 chambers
• Belgian sub-federal approval
• Perhaps a referendum
• Member States that have ratified:
– Latvia, Malta, Denmark and Croatia
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www.international.gc.ca/ceta
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https://www.tariffinder.ca/
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Questions?
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