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The Comprehensive Economic and Trade Agreement (CETA) between Canada and the EU is Canada's biggest trade initiative since NAFTA, one that will have a tremendous impact on the mining and energy sectors. The EU is Canada’s second largest market for metals, its third largest market for non-metals, and its fourth largest market for mineral fuels. Canada currently exports some $20 billion of metals and minerals to the EU each year and that number will certainly increase.
This seminar will help you make sense of the challenges and opportunities arising out of the Agreement. It will inform you on the key issues you need to understand to organize your strategic thinking and position your business for the new trading and investment world created by the CETA.
The EU is the world's largest single market, foreign investor and trader, and boasts a staggering GDP of over $19 trillion last year. With over 500 million consumers in 28 Member States, the EU is an economic powerhouse, and Canadian businesses are set to have preferential access to that market.
In the mining and energy sectors, CETA will open new markets and create significant opportunities. The agreement will encourage two-way investment by establishing strong protection for Canadian investors in the EU and EU investors in Canada. CETA’s rules on trade in services will make it easier for Canadian firms to export their mining expertise to the EU - for example in research and development, technical testing and environmental services - and the labour mobility provisions will ease some of the skilled labour shortages in Canada’s mining sector. Canada currently exports over $20 billion worth of metal and mineral products to the EU each year, and all remaining tariffs on those goods will be eliminated. Of course, with the opportunities come challenges. It appears that CETA has not resolved the threat to Canadian oil exports arising out of the EU Fuel Quality Directive.
- 3:30 pm - 4:00 pm - Registration
- 4:00 pm - 5:00 pm - Presentation and Discussion
- 5:00 pm - 6:00 pm - Cocktail Reception
Note: The hours from seminars held at Fasken Martineau offices may be applied towards Continuing Professional Development for lawyers in Ontario, Québec and British Columbia. Please note that these seminars are not accredited for Professionalism Hours or New Member CPD Hours in Ontario.
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