"A concise analysis of the draft Comprehensive Economic Trade Agreement between Canada and the European Union. Each chapter is dedicated to a specific topic area and generally includes a brief summary of the topic, reviews the pre-CETA landscape and how it has been changed by the agreement, a comparison to other trade agreements and concluding remarks."--

"The aim of this book is to help Canada’s and Europe’s business community get a better understanding of what is new in CETA, how it is different from traditional trade agreements, and how it is bound to benefit the Canadian and European economies. We describe how today’s firms operate in a new trade reality where global value chains and service trade are omnipresent. We show how the agreement reflects this new reality in its comprehensive nature compared to other recent free trade agreements, providing a long-awaited effectiveness in addressing so-called “behind the border” barriers. Attention to the pharmaceutical, food, automotive, maritime and telecommunications industries, which have been specifically targeted by the Treaty. The combination of our economic and legal analysis provides business leaders the opportunity to deepen both their understanding why the accord matters economically and how the legal measures will affect their specific businesses. We also discuss how CETA will play a key role (after more than two years of provisional application) in the economic recovery post-COVID-19. The Comprehensive Economic and Trade Agreement between the European Union and Canada: Economic Perspectives and Legal Analysis is a timely publication that providers readers an easy-to-understand overview of the key changes that CETA has introduced."-- Page 4 de la couverture.

The Great Recession and the turn towards all forms of protectionism stress the relevance of international trade policy. With the global economy undergoing deep structural changes, the negotiations between Canada and the EU on a Comprehensive Economic and Trade Agreement (CETA) present a real-time experiment that sheds light on the direction that the relationships between two economic units of the G8 will take. For Canada, an agreement with the EU would end its current dependency on the US; for the EU, an agreement with Canada would be a first with a G8-economy and indicate how its new trade strategy ‘Global Europe’ will look like. This book is the first to simultaneously analyze the undercurrents of this project and introduce the main topics at hand. CETA is much more than a simple free trade agreement, its breadth covers regulatory aspects in goods, services, and finance; the opening of public procurement markets; attitudes and policies of Canadian provinces towards liberalization; climate policies and international leadership claims of the EU in comparison to Canadian policy attempts; the challenges of the Euro project and the reform efforts; and the challenges of the Euro as a international reserve currency. CETA is a challenging project that will kick-start enormous changes in trade policy-making as well as in market openness in Canada. It will mark the EU’s efforts to re-make the Atlantic Economy. This book provides deep insights into the ambiguity of the project and addresses the implications of a rapidly changing global economy for trade policy. Offering analysis of the financial industry, banking, trade policy, climate change strategy, and the Euro exchange rate, this book should be of interest to students and policy-makers alike.

Once ratified, the Comprehensive and Economic Trade Agreement (CETA) could ultimately eliminate all tariff barriers between the European Union and Canada. CETA is also a new generation Free-Trade Agreement: it includes the opening of public procurement, the facilitation of cross investments and cooperation in the area of regulation. Its long negotiation process illustrated important changes that are happening in the way trade agreements are negotiated, both in Canada and in the EU. A wide variety of actors was involved. Because the federal government of Canada cannot implement international commitments in areas of provincial jurisdiction, the European Union requested that the provinces should be included in the discussions – Quebec and Ontario being the most interested. From the EU side, Germany, France and the United Kingdom led the process. Labor and trade unions as well as lobbying groups also supported the project. Following the signing of the agreement in October 2013, the ratification process was delayed because of the start of the TTIP negotiations between the European Union and the United States. Canadian civil society organizations had already expressed criticism, which was echoed by their European counterparts, particularly worried about the investor state dispute settlement (ISDS) system. The legal scrubbing phase resulted in a compromise on this point.The new Prime Minister Justin Trudeau, who replaced Conservative leader Stephen Harper in October 2015, has considered the implementation of the agreement as Canada's top priority regarding international trade.