 CETA: Evolution of key economic indicatorsNo 2023-1, DG TRADE Chief Economist Notes from Directorate General for Trade, European Commission Abstract: The purpose of this note is to assess the evolution of key economic indicators pre- and post CETA provisional application. The analysis shows that in the 5 years provisional application of CETA there has been a significant expansion of bilateral goods and services trade. The employment content of EU exports to Canada has increased by 11% in two years from 624,000 in 2017 to 694,000 in 2019. The number of EU exporting and importing micro-, small and medium-sized enterprises (MSMEs) increased by 44% and 21% and the value of the products exported and imported by EU MSMEs surged by 54% and by 58% respectively in the period 2017-2019. Furthermore, firms on both sides of the Atlantic are making continuous and increasing use of preferences granted by the Agreement. The evolution of the use of tariff rates quotas also shows that fears linked to the imports of sensitive products have not materialized. In fact, EU exporters are now exporting more frozen beef to Canada than vice versa. Keywords: CETA; economic impact; import market share analysis (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ris:dgtcen:2023_001 Access Statistics for this paper More papers in DG TRADE Chief Economist Notes from Directorate General for Trade, European Commission Contact information at EDIRC. |
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