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EU, Canada Agree to Final Text of Trade Agreement

On Aug. 5, negotiators from the European Union and Canada finalized the text of the Comprehensive Economic and Trade Agreement (CETA), which was first announced as an agreement in principle in October 2013. The two sides are expected to sign the agreement and release the final text in late September.

Last month, some European news outlets reported that Germany may reject the agreement due to provisions creating legal remedies for Canadian companies investing in the EU that feel their investments have been damaged by government policy. But trade officials from Germany and Canada later downplayed those concerns.

Based on the initial information available at the time the agreement was announced, an overview of CETA’s beef and pork trade provisions was provided in the Nov. 1, 2013 Export Newsline. USMEF, however, will provide an updated report on these provisions once the full, final text of the agreement is available for review.