AUTO INDUSTRY OPTIMISTIC ABOUT INCREASED TRADE FOLLOWING CANADA-EU DEAL APPROVAL
February 1st, 2017
THE AUTOMOTIVE industries of the European Union (EU) and Canada are both optimistic that they will export more vehicles as a result of the newly approved Comprehensive Economic and Trade Agreement (CETA) between the two jurisdictions. The European Parliament gave CETA its support last Wednesday (February 15), meaning it will come into force provisionally once the Canadian House of Commons does the same (considered a formality). This means that tariff reductions and elimination agreed between the EU and Canada will now be implemented – although more ...
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