Canada and the European Union have signed a tentative free trade deal under the Comprehensive Economic Trade Agreement (CETA). The highlights of CETA include:
- Canadian automakers will be able to export 100,000 cars a year, 12 times their current limit.
- Full access to EU markets for Canadian fresh and frozen fruit and vegetables, and for processed foods.
- Full access to EU markets for Canadian wheat, oats, barley, rye and canola oil.
- Full access to EU markets for Canadian dairy farmers, with both sides excluding poultry and egg sectors.
- No more tariffs for many seafood products, including cooked and peeled shrimp, live lobster, frozen lobster and frozen scallops.
- No more tariffs on metals and mineral products, including iron and steel.
- Canadian beef producers will be able to sell an additional 50,000 tonnes of beef – the current quota is 15,000 tonnes.
- Canadian pork producers will be able to export 75,000 tonnes, an increase over their current 6,000 tonne quota.
- EU cheesemakers will have an extra 16,000 tonnes to export to Canada, an increase over 13,000 tonnes.
