CETA agreement signed

The EU and Canada finally agreed on the Comprehensive Economic and Trade Agreement (CETA)



On 30 October 2016, Donald Tusk, President of the European Council, Jean-Claude Juncker, President of the European Commission and Justin Trudeau, Prime Minister of Canada signed in Brussels at the 16th EU-Canada summit the EU-Canada Comprehensive Economic and Trade Agreement. The stated goal of CETA  is to create new jobs and promote economic growth. The pact is to come into full force in early 2017, when most import duties are to be lifted. According to the EU and Canadas joint declaration CETA “is the most comprehensive, ambitious and progressive trade agreement ever negotiated by either Canada or the ECETA and will deliver sustainable and inclusive economic growth and spur job creation.”

In Germany the Second Senate of the Federal Constitutional Court had rejected numerous applications for an interim injunction to prevent Germany's approval of the free trade agreement between the EU and Canada.