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Canada

The European Commission proposed the signature of the EU-Canada Comprehensive Economic and Trade Agreement (CETA) to the Council of the EU in July 2016. The Council approved the agreement in October 2016 and the European Parliament voted in favour of it on 15 February 2017.

CETA entered into force provisionally on 21 September 2017. National parliaments in EU countries have still to approve it before it can take full effect.

Exporter stories

Small businesses across Europe already export to Canada, or want to do so. They'll get a big helping hand from CETA, a new EU-Canada trade deal.

Read some of their stories

Trade picture

  • The value of trade in goods between the EU and Canada was €64.3 billion in 2016.
  • The EU is Canada's second-biggest trading partner after the United States, accounting for 9.6 % of its trade in goods with the world in 2016.
  • Canada accounted for almost 2 % of the EU's total external trade in goods in 2016.
  • The top three categories of products which the EU and Canada exported to each other in 2016 were:
    • Machinery (23.6 % of EU exports to Canada and 13.7 % of its imports)
    • transport equipment (18.7 % of EU exports and 11.4 % of its imports)
    • chemical and pharmaceutical products (16.7 % of EU exports and 7.5 % of its imports)
  • Trade in services between the two amounted to €30.1 billion in 2015.
  • The EU exported €5.1 billion more to Canada than it imported.
  • Examples of services exported between Canada and the EU are transport, travel, insurance and communication.

EU-Canada: Trade in goods

Trade in goods 2014-2016, € billions
Year EU imports EU exports Balance
2014 27.4 31.6 4.2
2015 28.3 35.1 6.8
2016 29.1 35.2 6.1

EU-Canada: Trade in services

Trade in services 2013-2015, € billions
Year EU imports EU exports Balance
2013 11.6 17.7 6.0
2014 11.2 16.4 5.1
2015 12.1 18.0 5.9

EU-Canada: Foreign direct investment

Foreign direct investment 2015, € billions
Year Inward stocks Outward stocks Balance
2015 228.1 249.2 21.2

Date of retrieval: 15/02/2017

More statistics on Canada

EU and Canada

The EU and Canada meet annually in bilateral summits and in the Joint Cooperation Committee to review a range of issues relating to EU-Canada economic and trade relations.

Over the years, the EU and Canada have concluded a number of additional bilateral agreements to make trade easier:

  • A 1997 agreement fostered closer cooperation between EU and Canadian customs administrators.
  • The Civil Aviation Safety Agreement (2009) and the Comprehensive Air Transport Agreement (2009).
  • A Veterinary Agreement (1999) and Wine and Spirits Agreement (2003) will be incorporated into CETA with its entry into force.

The EU and Canada launched CETA negotiations in May 2009 and agreed on the content and its general strategy in June 2009.

The new trade and investment partnership created by CETA is expected to increase two-way trade in goods and services, helping to create jobs and expand the economy on both sides of the Atlantic. The EU's analysis of the economic impact of the Comprehensive Economic and Trade Agreement shows that it has the potential to create new business opportunities in Canada for companies across the EU.

Trading with Canada