FoodDrinkEurope has welcomed the signature of the EU-Canada Comprehensive Economic and Trade Agreement (CETA) – and has called on the European Parliament to support the agreement.
FoodDrinkEurope has welcomed the signature of the EU-Canada Comprehensive Economic and Trade Agreement (CETA) – and has called on the European Parliament to support the agreement.“CETA is one of the most ambitious and progressive agreements ever negotiated,” said Mella Frewen, Director General of FoodDrinkEurope. “It will strengthen the trade and investment relations between two of the world’s most advanced economies and like-minded partners, for the benefit of growth and jobs. It is now essential that two years after the conclusion of the negotiations, the European Parliament gives its consent and pushes for a swift implementation of the agreement.”The organisation believes that Europe’s food and drink manufacturers clearly stand to benefit from an improved access to Canada’s high-income market from various points of view:+ With CETA in place, about 92% of European agri-food products will be exported to Canada duty-free. This will benefit for instance EU exports such as pasta, biscuits, confectionery, fruit and vegetable preparations, drinks and milk protein concentrate. Canada has also granted the EU a new bilateral quota for an effective 18,500 tonnes of cheese, which will more than double the market access for EU cheese. + For European spirits and wines, tariff elimination will be complemented by the removal of non-tariff barriers. The removal of unfair trading practices and improved transparency in the way Canadian provincial liquor boards function will level the playing field and improve the competitive position of EU products. CETA will also remove the obligation to blend bulk spirits imports with local content. + The agreement will provide legal protection for 145 European Geographical Indications (GIs) and allows for additional GIs to be added in future.