Canada Style Free Trade Agreement

In the eyes of British negotiators, the EU`s ability to oppose, on grounds of principle, issues on which it has previously agreed to a compromise with Canada is also limited when CETA is the proposal. A CETA-style agreement also has enticing elements from a British perspective, relaxes the way it would ease the UK`s relations with Brussels and frees the UK from ties of free movement, financial contributions, EU law and restrictions in pursuit of an independent trade policy. CETA is Canada`s largest bilateral initiative since NAFTA. It was launched following a joint study entitled “Assessing the Costs and Benefits of a Closer EU-Canada Economic Partnership”[22], published in October 2008. Officials announced the opening of negotiations on May 6, 2009 at the Canada-EU Summit in Prague. In addition to removing barriers, the TIEA is expected to increase Canadian and European interest in other`s markets. [24] The TIEA lasted until 2006, when Canada and the EU decided to halt negotiations. . . .

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