28 Aug 2017
The CETA agreement will come into effect on September 21st, 2017.
The Comprehensive Economic Trade Agreement CETA is a trade agreement between Canada and the European Union. CETA is meant to promote trade between the EU and Canada to make it easier and cheaper.
For almost all goods that are of Canadian preferential origin and are imported from Canada, a reduction of import duties applies. The same goes for goods exported to Canada that have a preferential origin in the EU.
- For shipments with a value of less than EUR 6000, – exporters can issue an export declaration themselves.
- For shipments worth more than EUR 6000, the exporter must register as a registered exporter (REX). He then gets the status of registered exporter and a REX identification number.
The exporter will be able to issue their own statement regarding the origin of the commodity (normally found on the commercial invoice). He will get a REX-number and this number will have to be mentioned on the statement.
Besides the trade in goods, CETA also determines:
- Trade in services
- Customs formalities
- Intellectual property
- Food safety
- Environmental protection
- Public tenders
More information ?
Contact us for more information about CETA or visit our country page under practical info.