Transatlantic trade for our future prosperity
September 21, 2017 – Ottawa – Today marks a new progressive chapter for the economic relationship between the European Union and Canada. With the preliminary application of the Comprehensive Economic and Trade Agreement (CETA), thousands of jobs will be created for the middle class and those working hard to join it.
CETA will be a great opportunity for Canadian exporters, importers, over 500 million consumers, and smaller companies (including here in Vaughan-Woodbridge), all of whom will benefit from improved market access, lower costs to doing business, and a better selection of goods and services. Canada is now one of only a handful of countries that has guaranteed preferential access to both the U.S. and the EU, which together account for nearly half of the world’s economic output.
“CETA will greatly benefit the small and medium sized companies in Vaughan-Woodbridge that drive economic growth and create jobs for the middle class,” stated Francesco Sorbara, Member of Parliament for Vaughan-Woodbridge. “Companies such as Numage Trading Inc. and JK Overweel will now enjoy tariff reductions, new competitive opportunities to win government contracts, and will have improved access to provide services.” CETA is the most progressive and inclusive trade deal that Canada has ever concluded.