The Comprehensive Economic and Trade Agreement (CETA) between Canada and the European Union has now officially entered into force in Canada. As a result, thousands of products will now start having preferential import duty rates when importing into Canada from the EU. Although there may still be legal challenges, it is expected that these will be ultimately resolved.
CETA plans to abolish 98% of all customs duties between the two economies and will result increasing the import of more cheese and wine into Canada and the export of pork and beef to the EU.
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