CETA evaluation shows strong economic and social benefits

A study has found the EU and Canada Comprehensive Economic and Trade Agreement (CETA) boosted trade exports and diversified supply chains across all EU member states. The study – carried out by independent experts, as part of the Commission's commitment to evidence-based policy making – provides solid proof that open, rules-based, predictable and co-operative trade works.

CETA has also encouraged EU-Canadian cooperation on critical raw materials, according to the study, enhancing the security of critical materials supply for both partners. Moreover, because of the Agreement's ambitious opening of the Canadian procurement market to EU bidders, the value of procurement, meaning the value of government contracts available to EU companies in Canada, is 8.4% higher with CETA.

The study published today examines the economic, social, environmental, and human rights effects of the agreement on both parties. It also includes an institutional analysis and an evaluation of stakeholder concerns. Extensive stakeholder consultations were therefore conducted across the EU and Canada.

Trade and Economic Security Commissioner Maroš Šefčovič said: “CETA's success underscores a fundamental truth: open, rules-based, predictable, and cooperative trade is a winning formula for economic growth, job creation, and social progress. The agreement has not only boosted our economies, but also promoted cooperation on critical issues such as raw materials and environmental goods. CETA is a testament to the strength of our trade relationships and a reminder that cooperation, not protectionism, is the key to building a more prosperous and sustainable future.”

A press release is available online.

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