New Rules For Tariff Reduction Policies Between EU And Canada

European Union Trade Commissioner Mar James Thrun (Cecilia Malmstrom) visited Ottawa last week, saying that Europe is ready. It is expected that in Canada, CETA will enter the interim stage in July 1, 2017.

(European Union)

With the Canadian European Union's comprehensive economic and trade agreement (CETA) being approved by the European Parliament in February, the EU has said that the CETA can take effect as early as possible in Europe in April 1st.

European Union Trade Commissioner Mar James Thrun (Cecilia Malmstrom) visited Ottawa last week, saying that Europe is ready. It is expected that in Canada, CETA will enter the interim stage in July 1, 2017.

After eight years of negotiations and lobbying, what benefits can CETA expect from both sides? CETA will be implemented in two phases.

At this stage, 95% of the agreement will be implemented.

Data show that after the implementation of the agreement, tariff categories between the European Union and Canada will be reduced by about 98%, and the results will be immediate.

Both sides have the opportunity to bid for each other's government contracts, which is conducive to the promotion of labor mobility.

Most goods will be duty-free, including clothing or footwear now collecting 10% to 20% tariffs, and car tariffs will be gradually waived in the next seven years.

Most of them are still agricultural products, which are still subject to tariffs.

Canadian International Trade Minister Shen Pan (Francois-Philippe Champagne) has said that the agreement will give consumers more choices and reduce costs, but there is still room for improvement.

Canada agrees to import 18500 tons of European cheese annually, which is about 2% of the protected dairy market in Canada.

The question is: who will import and who will benefit? Jacques Lefebvre, chairman of the Canadian dairy processors Association, said they had heard about the news for weeks and worried that the preparation time was too short.

The existing importers and retailers are lobbying.

But Canadian farmers and processors think they should get some quotas because their profits are threatened by the new European Union cheese.

According to CETA, 30% of European cheese quota must be given to enterprises that do not currently have imported cheese.

The trade minister's announcement next month will solve the mystery.

By then, Canada

It will be known whether European cheese that was previously difficult to find would be sold with Canadian cheese or whether cheaper imported cheese would squeeze domestic products from shelves.

Other farmers are worried about the challenges posed by European food safety standards.

Europe has agreed to import large quantities of Canadian meat: the annual quota of beef jumped from 15 thousand tons to 65 thousand tons, and pork rose from 6000 to 80 thousand tons.

That's only 1% of the EU's huge meat market.

But because Canada has been excluded from the market for decades, this is a big business.

And livestock farmers need new customers to deal with us trade threats.

The problem is the long dispute over food safety standards, which makes most of the Canadian meat factories not yet available.

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It is hard to finish before July.

In addition, only dozens of farms completed all the paperwork and inspections required by the European Union to prove that animals had no hormones and food additives.

Hundreds of farms need to embark on related work.

It takes time to expand cattle farming.

Fortunately, the relevant quotas will be gradually fulfilled in the next five years.

Canadian Canadian Cattle Association spokesman Maas Wall (John Masswohl) said they did not panic and would take the time to get things done.

Canada and the EU will continue to work on investors' accusing the government's terms of negotiation. This controversial part was rewritten last year to define the company's right to sue, that is, if the government's decision damages it.

How should a company fight a lawsuit?

For legal and political reasons, the relevant provisions are to be voted by the 38 national legislature of the European Union (and several regional organs), and 27 of the 28 member states (except Malta) will also hold a referendum.

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