Comprehensive Economic and Trade Agreement
The Comprehensive Economic and Trade Agreement (CETA) is a trade agreement between the European Union (EU) and Canada. It aims to reduce barriers to trade and investment, making it easier for businesses to operate across borders. By eliminating tariffs and simplifying regulations, CETA helps promote economic growth and job creation in both regions.
CETA also includes provisions on environmental protection and labor rights, ensuring that trade benefits are balanced with social responsibility. This agreement is significant as it strengthens the economic ties between the EU and Canada, fostering a closer partnership in various sectors, including agriculture, services, and technology.