Canada

cross-posted from: https://scribe.disroot.org/post/3156279

Here is the full study (pdf, 319 pages)

Here is the executive summary (pdf, 17 pages)

TLDR:

• CETA has effectively eliminated duties for 98.6% of all Canadian tariff lines and for 98.7% of EU tariff lines. As a result, the simple average EU tariff on Canadian exports decreased from 5.1% to almost zero, while the Canadian tariff on EU exports declined from 4.2% to nearly zero
• Bilateral trade in goods and services between the EU and Canada has increased from €64 bn to €72 bn in the pre-CETA period (2012-2016), representing a 12.5% increase
• During the post-CETA period (2017-2023), total bilateral trade increased by 71%, from €72 bn in 2016 to €123 bn in 2023, despite the negative impact of the COVID-19 pandemic in 2020
• When considering the increase in bilateral trade from 2016 (the year before CETA came into effect) to 2023, the total bilateral trade in goods increased by 65.0%, while total bilateral trade in services increased by 81% in the same time perio- CETA has effectively eliminated duties for 98.6% of all Canadian tariff lines and for 98.7% of EU tariff lines. As a result, the simple average EU tariff on Canadian exports decreased from 5.1% to almost zero, while the Canadian tariff on EU exports declined from 4.2% to nearly zero.
• Bilateral trade in goods and services between the EU and Canada has increased from €64 bn to €72 bn in the pre-CETA period (2012-2016), representing a 12.5% increase.