Comprehensive Economic and Trade Agreement (CETA) passed in House of Commons

The House of Commons passed C-30, Canada’s implementation legislation, at third reading on February 14, 2017, and the European Parliament’s passed the Comprehensive Economic and Trade Agreement (CETA) on February 15 2017 as well.

Once C-30 clears the Senate, federal laws and regulations will change to bring Canada into compliance.  Similar changes need to be made at the provincial and territorial level.

Once Canada finishes this, over 90 per cent of the agreement may come into force provisionally.  A release from the EU suggested this could be the case as early as April 1.

Approximately ninety-nine percent (99.00%) of EU tariff lines will be duty free immediately.  Preferential treatment will be based on the origin declaration (completed by the exporter) and not an actual certificate-of-origin.  Origin declarations are completed by the exporter and can cover single or multiple shipments of identical goods and appears to be valid  for up to one year.  Origin declarations can be made on an invoice or any commercial document that describes the goods in complete detail.

Additional information concerning CETA is available at the following link  in addition to the Government of Canada website.

Text of the  Comprehensive Economic and Trade Agreement (CETA) is available at the following link.