Tilson hails historic canada-europe trade agreement

October 18, 2021

ORANGEVILLE, ON – Dufferin-Caledon MP David Tilson today hailed the signing of the Comprehensive Economic and Trade Agreement (CETA) between Canada and the European Union as a truly historic achievement for Canada.

Today in Brussels, Belgium, Prime Minister Harper and European Commission President Jose Manuel Barosso signed the agreement-in-principle concluding negotiations on CETA after 4 years of effort by both sides to reach a deal. It is the largest trade deal ever negotiated by Canada.

“As President of the Canada-Europe Parliamentary Association since 2008, I have been engaged throughout this process with my elected counterparts in Europe as well as the negotiation teams and political leaders and am delighted to see these negotiations come to a successful conclusion,” said Mr. Tilson. “This deal opens up a market of over half a billion consumers to Canadian businesses and will create tens of thousands of jobs here in Canada.”

With the elimination of over 98% of the tariffs between Canada and the EU, CETA gives access to the European market for thousands of Canadian companies to compete and sell products and services. At the same time, Canadian consumers will benefit from lower prices for goods and services from the EU.

“Canada has always been a trading nation and can compete in global markets with anyone in the world,” said Mr. Tilson. “This deal will give our companies the chance to shine and introduce Canadian excellence to the largest market in the world.”

The agreement-in-principle will now undergo legal drafting, translation and ratification and is expected to be in place within approximately 24 months, as indicated by the Prime Minister and President Barosso.