A Comprehensive Economic and Trade Agreement (CETA) between Canada and the European Union came into effect on a provisional basis last week, opening up new possibilities for the produce trade on both sides of the Atlantic.
In a release on Friday, Agriculture and Agri-Food Canada (AAFC) highlighted the country’s exporters would now enjoy unprecedented duty-free access to the world’s largest import market for agricultural products.
The Canadian industry estimates CETA will boost agriculture and agri-food exports by up to CAD$1.5 billion (US$1.23 billion) annually.
“This historic agreement provides new opportunities for Canadian producers, processors and exporters,” said Canada’s Minister of Agriculture and Agri-Food Lawrence MacAulay.
“CETA will boost Canada’s agricultural trade with the world’s second-largest market, creating jobs, deepening economic relations and improving market access for Canada’s top-quality agricultural and seafood products including berries, cereals, pulses and live lobster.”
Read full article: Canadian govt hails new trade opportunities with Europe through CETA