CETA Finally Comes into Effect & Helps Business Visitors
On September 21, 2017, a free trade agreement between Canada and the European Union (EU) came into effect. This is an extremely exciting opportunity for businesses, their employees, service suppliers, independent professionals, and business visitors to work in Canada and contribute to the Canadian economy and labour market. With this new free trade agreement comes many changes and new implementations to immigration Canada. Therefore, in this article, I will address what CETA entails and what this means for short-term business visitors, investors, independent professionals and intra-company transferees.
What is CETA
CETA is an abbreviation for the Comprehensive Economic and Trade Agreement (CETA) between Canada, the European Union (EU) and its fellow member states. The implementation of this free trade agreement essentially eliminates approximately 98% of the tariffs between Canada and the European Union (EU). This free trade agreement came into effect successfully on September 21 of 2017. However, there are still many member states that have yet to approve and consent to the agreement. The Canadian government has high expectations of this free trade agreement and expects the bilateral trade to increase approximately 20%....