CURRENT AFFAIRS

Detailed explanation-1: -The Canada-European Union Comprehensive Economic and Trade Agreement (CETA) is a comprehensive, ambitious, and inclusive free trade agreement that upholds and promotes the values that Canada shares with the EU. Learn more about the agreement and how it helps Canadian businesses.

Detailed explanation-2: -As of December 2022, 17 member states have notified the European Council of completion of ratification: Austria, Croatia, Czechia, Denmark, Estonia, Finland, Germany, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Romania, Slovakia, Spain, and Sweden.

Detailed explanation-3: -The Canada-European Union Comprehensive Economic and Trade Agreement (CETA) was signed in Brussels, Belgium on October 30, 2016 during the European Union-Canada Leader’s Summit. The European Parliament approved the Canada-European Union Comprehensive Economic and Trade Agreement on 15 February 2017.

Detailed explanation-4: -The Canada-European Union Comprehensive Economic and Trade Agreement (CETA) presents Canadian businesses with preferential access to and excellent opportunities for growth in the EU. September 21, 2022 marks the fifth anniversary of CETA’s provisional application.