Comprehensive Economic and Trade Agreement instance of trade agreement
History
CETA is Canada's biggest bilateral initiative since NAFTA. It was started as a result of a joint study "Assessing the Costs and Benefits of a Closer EU-Canada Economic Partnership", which was released in October 2008. Officials announced the launch of negotiations on 6 May 2009 at the Canada-EU Summit in Prague. This, after the Canada-EU Summit in Ottawa on 18 March 2004 where leaders agreed to a framework for a new Canada-EU Trade and Investment Enhancement Agreement (TIEA). The TIEA was intended to move beyond traditional market access issues, to include areas such as trade and investment facilitation, competition, mutual recognition of professional qualifications, financial services, e-commerce, temporary entry, small- and medium-sized enterprises, sustainable development, and sharing science and technology.
The TIEA was also to build on a Canada-EU regulatory co-operation framework for promoting bilateral co-operation on approaches to regulatory governance, advancing good regulatory practices and facilitating trade and investment. In addition to lowering barriers, the TIEA was meant to heighten Canadian and European interest in each other's markets. The TIEA continued until 2006 when Canada and the EU decided to pause negotiations. This led to negotiations for a Canada-European Union trade agreement (later renamed as the Comprehensive Economic and Trade Agreement, or CETA), and this agreement will go beyond the TIEA toward an agreement with a much broader and more ambitious scope.
type of example of manifestation of representation of