ceta

You want to be competitive in CANADA?

You want to be competitive in CANADA?

Be aware of the entry into force of the GLOBAL ECONOMIC AND TRADE AGREEMENT (CETA) between Canada, on the one hand, and the European Union and its Member States, on the other.

The agreement is expected to remove more than 99% of the tariffs between the two economies and create considerable new opportunities for access to the services and investment market.

In 2012, Canada was the EU's 12th most important trading partner, accounting for 1.8% of the EU's total external trade. In the same year, the European Union was Canada's 2nd most important partner after the US, with about 9.5% of Canada's total external trade.

Machinery, transport equipment and chemicals dominated EU exports of goods to Canada and also constituted an important share of EU imports of goods from Canada.

Trocas Comerciais de Bens entre a EU e o Canadá
Trade in Goods between the EU and Canada. Source: European Commission

Trade in services is an equally important area of the EU-Canada trade relationship. Examples of services that are highly negotiated between Canada and the EU are transport, travel, insurance and communication.

The investment relationship is also very important. 221.6 billion in Canada in 2011, while Canadian direct investment in the EU amounted to almost

This agreement will enter into provisional application on 21 September this year.

 

Request now the ESTATUTO DE EXPORTADOR REGISTADO (link download) for their products to be exempt from customs duties on import into that country.

Once the form has been completed and signed, it must be sent by post to the following address:

Tax and Customs Authority
DSTA - Directorate of Customs Taxation Services
Rua da Alfândega, nº 5 - R/C
1149-006 Lisbon

 

  • What changes with CETA?
  • Almost all import tariffs on trade between the EU and Canada will be eliminated.
  • European companies will be able to bid in Canada's public tenders.
  • European companies will be able to access Canada's services and investment markets.
  • Temporary movement of executives and executives will be facilitated.
  • European architects, accountants and engineers will be able to work in Canada.
  • Intellectual property violations will be tackled.
    There will be greater cooperation in the field of standardisation.
  • There will be international arbitration between investors and states to ensure equality between investors.

 

Would you like more information and support on this matter?
Our Customs and Tax Consultancy Department is available to answer all your questions.

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Sources: Government of Portugal. AICEP. European Commission. Official Journal of the European Union.

For more information contact-us