Edmonton, Alberta The Government of Canada and the European Commission have formally signed off on the Comprehensive Economic and Trade Agreement (CETA) marking the end of negotiations, and the beginning of this new strategic partnership. The Alberta Canola Producers Commission not only recognizes the considerable effort from both sides to conclude this agreement, but, the hard work that is still needed to make sure it is brought into force by 2016.
Negotiating trade agreements is a lot like farming. Colin Felstad, Chairman of the Alberta Canola Producers Commission said, “Harvest is the culmination of an entire year’s activities on the farm. There is a lot of preparation and process that needs to happen before the crop is harvested, but the hard work continues well after the crop is in the bin.”
CETA is good news for canola producers because it will provide preferential market access by eliminating tariffs on canola oil, which will lead to more opportunities for exporters to increase sales. Please refer to the Canola Council of Canada and the Government of Canada for more information on improving market access for canola through free trade agreements like CETA.
Source: Alberta Canola Producers Commission