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Agreement between the EU and Canada eliminates many tariffs

CETA (Comprehensive Economic and Trade Agreement), the free-trade agreement between the EU and Canada, is being provisionally put into effect. This has already resulted in an extensive reduction of tariffs between the two economic areas.

Tariffs between Canada and the European Union have been reduced
Tariffs between Canada and the European Union have been reduced

The provisional application of CETA entered into force on September 21. This application includes substantial parts of the agreement. Even though the investment protection clause and individual chapters and sections relating to financial services, taxes and intellectual property are excluded, the provisional application of CETA and its related transitional arrangements ensure that the majority of tariffs between the EU and Canada are eliminated or significantly reduced. Full application of the agreement requires the ratification of all EU member states, a process which can take several years.

To find out which tariffs are being eliminated or reduced, and which rules of origin and certificates of origin will apply in the future, please contact our consultant for North America, Annina Bosshard. Contact now

Click here to read an interview with Markus Reubi, Head of Swiss Business Hub Canada, on the effects of the free-trade agreement on Swiss SMEs.

Do you have any questions regarding the free-trade agreement, export documents or origin of goods? You can find checklists, FAQs and the customs database here, or contact our ExportHelp-Team. Contact now

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