The Canada and EU Comprehensive Economic and Trade Agreement (CETA) is an agreement that reinforces Canada’s trading relationship with the European Union (EU). The CETA agreement covers all aspects of Canada’s broad trading relationship with the EU, including goods, services, investment, government procurement and regulatory cooperation. It will provide Canada’s access to the world’s largest market with more than 500 million people in 28 countries, and a combined GDP of $20 trillion.
The bilateral cooperation agreement (BCA) just signed by the European Cooperation for Accreditation (EA) and the Standards Council of Canada (SCC) will enable the implementation of the Conformity Assessment Protocol provided for in the CETA agreement, allowing for the mutual acceptance by Canada and the EU of test results and product certifications delivered by each other’s recognized bodies. This will help facilitate trade and open doors for EU and Canadian companies.