Canada struck a trade deal with the EU, known as CETA (Comprehensive Economic and Trade Agreement), in 2017. Officially known as the EU-Canada Comprehensive Economic and Trade Agreement (CETA), the agreement was signed in October last year and entered into force provisionally last month. CETA is a new trade agreement between the EU and Canada.. Free trade agreements provide a mechanism for the facilitation of trade in goods. Canada is an attractive market for Australian companies to set up, not only for the opportunities in the Canadian market, but also for the access it provides to the US and Mexican markets under the Canada-US-Mexico free trade agreement. It cuts tariffs and makes it easier to export goods and services, benefitting people and businesses in both the EU and Canada. “Today, Canada and Australia announced a partial agreement regarding Australia’s World Trade Organization challenge against Canada, DS537: Canada—Measures Governing the Sale of Wine. China-Australia Free Trade Agreement: Implications for Canada 7 China’s exclusion of wood and paper products from the any immediate negative impacts on Canadian exports, but agreement should be noted, considering the importance also indicates potential limits to any future negotiation by of this export for Canada. The Government of Canada is committed to supporting this important sector, creating good jobs for Canadians and promoting the sale of high-quality products. CETA entered into force provisionally on 21 September 2017, meaning most of the agreement now applies. If the UK moved to trade with the EU under “Australian terms”, it would have no favourable access to the EU market. Canada and Australia. With a free-trade agreement with the US receding into the distance and the possibility of a no-deal Brexit rising, Britain is still searching for a role in the world. A Canada-style deal: Zero tariffs, zero quotas but only on goods. CANZUK International is the world’s leading advocacy organisation promoting facilitated migration, free trade and foreign policy coordination between Canada, Australia, New Zealand and the United Kingdom. While Australia is currently negotiating a free trade agreement with the EU, it does not yet have one. Each agreement has information and links to relevant legislation, policy and notices on the rules of origin and how to access preferential rates of duty. What exactly do Canada and Australia-style trade deals involve and how feasible are they? Canada Page Content Under the Canada-Australia Trade Agreement (CANATA), goods that are the produce or manufacture of Canada are afforded concessional duty rates on entry into Australia, providing they satisfy the Rules of Origin agreed to under that agreement. This is because the EU does have a few agreements in place with Australia that it would not have with the UK in the event of a failure of the trade and security negotiations. 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