CETA Implementation and Implications: Unravelling the Puzzle

The Canada–European Union Comprehensive Economic and Trade Agreement (CETA) is a gold standard trade agreement that addresses tariffs, exporters' favored status, trade in services, and technical barriers to trade. CETA Implementation and Implications provides an in-depth assessment of the agreement, covering its key elements, obstacles, accomplishments, and early effects. The book is interdisciplinary and features contributions from around the world, offering a nuanced and balanced analysis of CETA's impact on regional and global trade in turbulent times.

Format: Paperback / softback
Publication date: 15 September 2022
Publisher: McGill-Queen's University Press

The Canada-European Union Comprehensive Economic and Trade Agreement (CETA) is widely regarded as a groundbreaking model for trade agreements. It encompasses a wide range of issues, including tariffs on traded goods, preferential treatment for EU and Canadian exporters, trade in services, and the removal of technical barriers to trade. Moreover, CETA seeks to foster coordination between government agencies to promote regulatory cooperation, harmonization, and mutual recognition of standards.

In the context of a global economy that is increasingly characterized by populism and protectionism, CETA Implementation and Implications takes on a crucial role. This book provides a comprehensive examination of this contemporary economic collaboration between developed states, serving as a model for other progressive regional trade agreements. It offers the first in-depth, comprehensive assessment of CETA, covering its most important elements and exploring its challenges, accomplishments, and early effects.

The book is based on the European Commission-funded Erasmus+ Jean Monnet Project on CETA Implementation and Implications, which brought together scholars and stakeholders from Europe and North America to analyze and evaluate the implementation and impacts of the agreement. The project aimed to bridge the gap between academic research and practical policy considerations, ensuring that the insights and perspectives of both sides are heard.

CETA Implementation and Implications is uniquely interdisciplinary, featuring contributions from experts across the globe. The book provides a nuanced and balanced assessment of CETA and its effects on regional and global trade in turbulent times. It examines various aspects of the agreement, including regulation, procurement, the environment, the innovative investment disputes system, labor mobility and labor relations, bilateral governance instruments, and the implications for EU trade policy of CETAs contested ratification.

One of the key strengths of CETA is its commitment to promoting free trade and economic growth. By removing tariffs and other trade barriers, CETA aims to increase trade between Canada and the EU, which in turn can stimulate job creation, innovation, and economic development. The agreement also includes provisions that promote regulatory cooperation and harmonization, which can help reduce compliance costs and facilitate cross-border trade.

However, CETA is not without its challenges. Some critics argue that it may undermine national sovereignty by giving too much power to multinational corporations and international trade bodies. Others have raised concerns about the impact of CETA on workers, particularly in industries that may be affected by increased competition or job displacement. Additionally, there are concerns about the environmental and social implications of CETA, particularly in relation to agriculture, fisheries, and labor standards.

Despite these challenges, CETA has made significant progress in its implementation since it was signed in 2016. The agreement has been provisionally applied since October 2017, and many of its provisions have already been implemented or are in the process of being implemented. This has led to increased trade between Canada and the EU, as well as to a greater level of regulatory cooperation and mutual recognition of standards.

In conclusion, CETA Implementation and Implications is a valuable resource for anyone interested in understanding the implications of this landmark trade agreement. The book provides a comprehensive and balanced assessment of CETA, covering its key elements, challenges, accomplishments, and early effects. By examining the implementation and implications of CETA in the context of a global economy that is increasingly characterized by uncertainty and complexity, this book offers valuable insights into the future of trade agreements and their role in promoting economic growth and prosperity.

Dimension: 229 x 152 (mm)
ISBN-13: 9780228011927