If there is an agreement, the details will determine the changes in the UK-EU trade relationship and when they will take place. While it may be too late to take advantage of the context of the CETA negotiations to develop an effective institutional mechanism for coordinating Canada`s federal and provincial and perhaps territorial positions in international negotiations, Canadian political leaders cannot afford to wait for the next international negotiations to develop such a coordination mechanism. As globalization increasingly pushes the management of issues that were once considered exclusively domestic – and therefore within provincial jurisdiction – at the international level, Canada must be institutionally prepared to adopt a strong common position and to ensure the commitment of all levels of government to international agreements. Otherwise, we risk losing our ability to interact economically and politically at the international level. The Canadian government will continue to pay particular attention to trade negotiations between the United Kingdom and the EU during the transition period and will monitor the effects this may have had on Canada`s trade with the United Kingdom. We will continue to update this site as soon as we have more details on the future uk-EU trade relationship and the potential impact on Canadian businesses. Canada and the EU are also interested in removing non-tariff barriers in other areas. Based on the WTO Agreement on Sanitary and Phytosanitary Measures and the Canada-EU Veterinary Agreement, for example, health standards and rules that limit trade in goods and services should be eliminated through harmonization or mutual recognition. In addition, transatlantic cooperation on conformity assessment is needed. The same logic applies to customs procedures, where both parties, for example, must cooperate to ensure compliance with rules of origin. In this case, CETA would build on the existing agreement between Canada and the European Community (i.e. the EU) on customs cooperation and mutual assistance in customs matters.
Finally, with regard to non-tariff barriers, the negotiations also seek to facilitate market access and non-discrimination measures in investment and government procurement, as well as to improve the protection and enforcement of intellectual property rights by improving the WTO Agreement on Trade-Related Intellectual Property Rights. CETA is the first EU trade agreement to offer benefits to EU companies investing outside the EU. It will remove barriers for EU companies wishing to invest in Canada and ensure that all European investors in Canada are treated fairly and equitably. It will improve the investment climate and enhance investor security by not discriminating against domestic and foreign investors and by not imposing new restrictions on foreign participations. The EU`s agreement with Canada is called the Comprehensive Economic and Trade Agreement, abbreviated ceta. . . .