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Canadian and European business communities call for approval and implementation of the Canada-European Union Comprehensive Economic and Trade Agreement (CETA)

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Date: October 11, 2016

Related Issues Trade and Investment

Canadian and European business communities call for approval and implementation of the Canada-European Union Comprehensive Economic and Trade Agreement (CETA)

In the face of slowing growth in global trade and rising protectionism, the Canadian and European
business communities, representing companies large and small, call for the swift approval and
implementation of CETA to boost trade and investment and create jobs.

CETA is the most progressive trade agreement ever negotiated by both parties. It addresses all aspects
of the bilateral trading relationship, including goods, services, investment, government procurement and
regulatory cooperation. The agreement will further position Canada and the EU to collaborate on the
pressing issues of our time.

The CETA is the product of more than five years of negotiations, including thoughtful revisions to the
agreement that were based on feedback from stakeholders in civil society. The changes reflect the
progressive nature of CETA and include improvements to the way in which investment disputes are
handled, confirmation of governments’ sovereign right to regulate in the public interest and the
reinforcement of strong environmental and labour protections.

It is critical that CETA be implemented in early 2017. A failure of the EU to approve CETA with provisional
application could have a dampening effect on the block’s future trade agenda by signalling to its
negotiating partners that their agreements with the EU will face a long and politicized approvals process.
This could have significant long term consequences for the European economy.

The CETA stands as a thoughtful and democratic response to the inward looking, populist politics that
are driving protectionist measures around the world that do nothing to increase competitiveness, growth,
jobs and prosperity. As a progressive trade agreement, the CETA illustrates that likeminded partners can
come together to improve opportunities for their citizens. Now is the time to approve this historic
agreement.

At a time when so much of the world is saying no to trade and globalization, Canada and the EU must
show leadership and say yes.

Signatories:
The Business Council of Canada
Canada Europe Roundtable for Business
Canadian Services Coalition
The Canadian Chamber of Commerce
The Canadian Federation of Independent Businesses
Canadian Manufacturers & Exporters
European Small Business Alliance
Business Europe
Eurochambres
The European Association of Craft, Small and Medium-Sized Enterprises (UEAPME)
European Services Forum

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