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Canada

On 21 September 2017, the EU-Canada Comprehensive Economic and Trade Agreement (CETA) provisionally entered into force allowing entrepreneurs and businesses of all sizes to benefit from its improved market access opportunities.

Since its provisional application, the governance structure of the Agreement is in place and the 20 CETA committees and dialogues have started their activities.

For CETA to enter into forcefully and definitively, all EU Member States need to ratify the Agreement in line with their national procedures. This process is still ongoing.

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
Export info for small EU businesses

Trade picture

  • The value of trade in goods between the EU and Canada was € 72.3 billion in 2018
  • The EU is Canada's second-biggest trading partner after the United States, accounting for 10 % of its trade in goods with the world in 2018.
  • Canada accounted for almost 2 % of the EU's total external trade in goods in 2018.
  • The top three categories of products which the EU and Canada exported to each other in 2018 were:
    • Machinery (25.6 % of EU exports to Canada and 24.3 % of its imports)
    • Chemical and pharmaceutical products (16.2 % of EU exports and 9.1 % of its imports)
    • transport equipment (15.6 % of EU exports and 7.0 % of its imports)
  • Trade in services between the two parties amounted to €34.9 billion in 2017.
  • Examples of services exported between Canada and the EU are transport, travel, insurance and communication services.
  • In 2017 The EU exported €14.4 billion more in goods and services to Canada than it imported.

EU-Canada: Trade in goods

Trade in goods 2017-2019, € billions
Year EU imports EU exports Balance
2017 18.2 32.2 14.0
2018 19.5 35.2 15.7
2019 20.7 38.3 17.6

EU-Canada: Trade in services

Trade in services 2016-2018, € billions
Year EU imports EU exports Balance
2016 10.2 15.6 5.4
2017 11.3 16.9 5.6
2018 13.5 19.0 5.5

EU-Canada: Foreign direct investment

Foreign direct investment 2018, € billions
Year Inward stocks Outward stocks Balance
2018 397.3 392.2 -5.0

Unless otherwise mentioned “EU” concerns for all indicated years the current European Union of 27 Member States.

Date of retrieval: 22/04/2020

More statistics on Canada

EU and Canada

The EU and Canada meet annually in bilateral summits and in the committees and dialogues set up by CETA 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) which were incorporated into CETA.
  • On 30 October 2016, the EU and Canada have also entered into a Strategic Partnership Agreement, bringing concrete benefits across political, economic, security, judicial, strategic, environmental and social areas.

The EU and Canada launched CETA negotiations in May 2009 and after several years of negotiations on 21 September 2017, the EU-Canada Comprehensive Economic and Trade Agreement (CETA) entered into force. It creates new business opportunities in Canada for companies across the EU and protects consumers and the environment.

At the time of its signature, the EU and Canada also adopted a Joint Interpretative Instrument on CETA setting out their shared commitment to progressive trade safeguarding the right to regulate in the public interest to achieve legitimate public policy objectives such as the protection and promotion of public health, social services, public education, safety, the environment, public morals, social or consumer protection, privacy and data protection and the promotion and protection of cultural diversity.

The Joint Interpretative Instrument also confirms the longstanding commitment of the EU and its Member States and Canada to sustainable development building on the comprehensive and binding commitments included in CETA for the protection of workers’ rights and the environment.

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. The EU has analysed the social, environmental and economic impacts of a potential trade agreement with Canada in a Sustainability Impact Assessment (SIA)

The trade negotiating mandate for CETA was made public in December 2015.

Committees and Dialogues

The EU and Canada meet regularly to discuss issues and best practices when applying the agreement. The committees meet regularly.

Trading with Canada