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INTERNATIONAL DISPUTE RESOLUTION: To boldly go…

05 December 2014  

James Tumbridge considers the impact of the EU-Canada trade agreement on dispute settlement

The EU-Canada trade agreement (CETA) is going to eliminate nearly all import duties between Canada and the EU, and is the first major opening for Europe into the NAFTA zone. According to the EU, this will save European exporters around €500m a year. In fact, once implemented, the agreement is expected to increase two-way bilateral trade in goods and services by 23% or €26bn, fostering growth and employment on both sides of the Atlantic. New trade opportunities are always welcome, but alongside them businesses will also face challenges and disputes. This article will consider some of the issues businesses should have in mind when trading between Canada and the EU.