The EU–Canada Comprehensive and Economic Trade Agreement (CETA) will deliver jobs and growth for the UK, with independent analysis suggesting the deal could be worth up to £1.3 billion per year to the UK economy.
We expect CETA to be a “mixed” agreement, covering areas of both EU and Member State competence. In this case, the EU Council could decide to provisionally apply the parts of CETA which fall within EU competence. The Government supports this approach as it will allow the UK to benefit from provisions such as reduced duties on imports and exports as soon as possible. This has been discussed with the European Commission on a number of occasions, most at the Trade Foreign Affairs Council that took place in Brussels this month. The Council will negotiate which provisions of CETA should be applied provisionally by the EU once the final text has been received.