Important Canada-European Union ceta milestone is good news for Canadian consumers, importers and exporters

Home » Important Canada-European Union ceta milestone is good news for Canadian consumers, importers and exporters

The final text of the Comprehensive Economic and Trade Agreement (CETA) between Canada and the European Union has been agreed on and will now be sent for translation. This new milestone follows an historic agreement-in-principle reached by both parties in October 2013 and announced by Dilas International Customs Brokers on October 18th, 2013.

Good news for importers and exporters and consumers

Although there is still much work to be done before the CETA is ratified by both parties, and the coming into force date has yet to be announced, there is much excitement regarding the new trade prospects on the horizon. The agreement will amongst other things, eliminate the vast majority of import duties on non-agricultural goods as well as increase agricultural quotas for importers in both jurisdictions. Exporters on both sides of the Atlantic will have access to a new consumer base.

Importing into Canada

In Canada, importers and their Canadian customs brokers will eagerly await the publication of Canada Customs D-memoranda that will explain the ins and outs of CETA and provide guidelines for traders. CETA certificates of origin will also most likely be published by the Canadian customs officials at the Canada Border Services Agency (CBSA).

Dilas International

As always, Dilas International Customs Brokers, will continue to monitor the progress of CETA and keep you informed on a regular basis.

Dilas International can also help importers determine the current import rates of duty when importing goods from the EU by simply contacting us by phone, fax or by e-mail.

To obtain our contact information, please visit our website at Dilas.ca

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