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- In 2020, the EU had a positive trade balance with Canada of €13.3 billion in trade of goods and €3.7 billion in services.
policy.trade.ec.europa.eu/eu-trade-relationships-country-and-region/countries-and-regions/canada_en
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Canada-EU goods trade comprises duty-free trade and dutiable trade. The latter is subject to Most Favoured Nation (MFN) duties, which were removed under CETA (or exempted from CETA commitments). Approximately €3.4 billion or 22.0% of total Canadian merchandise exports to the EU were dutiable in 2019.
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This report reviews the two partners’ trade performance three years after CETA provisionally came into effect. In particular, it compares trade performance in year 2016 (pre-CETA provisional application) with year 2019 (post-CETA provisional application and pre-COVID 19 pandemic).
- Trade Picture
- The EU and Canada
- Committees and Dialogues
- Trading with Canada
The value of trade in goods between the EU and Canada was €53.3 billion in 2020.In 2020, the EU had a positive trade balance with Canada of €13.3 billion in trade of goods and €3.7 billion in services.The EU is Canada's third largest trading partner after the United States and China, accounting for 8.2% of its trade in goods with the world in 2020.Canada accounted for almost 1.5% of the EU's total external trade in goods in 2020.CETA brings benefits for people and businesses around Europe, including. 1. scrapping most customs duties and cut red tape; 2. making it easier for Europeans to work in Canada, and; 3. many more benefits. The EU and Canada launched CETA negotiations in May 2009. After several years of negotiations, the EU-Canada Comprehensive Economic and Trade Agr...
The EU and Canada meet regularly to discuss issues and best practices and oversee the proper functioning of the Agreement. Technical committee meetings - agendas and reports
Trade relations are part of the EU's overall political and economic relations with CanadaCanada is a member of the World Trade OrganizationGeneral overview. CETA has helped increase EU goods exports to Canada by 26%. EU exports to Canada support 700,000 European jobs, 70,000 more than before CETA*. 44% more small- and medium-sized enterprises export to Canada now than they did before CETA.
Canada recorded a trade deficit of 1097 CAD Million in August of 2024. This page provides the latest reported value for - Canada Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
Canada posted a small trade deficit of $13.1 billion in 2023, and the ratio of trade-to-GDP edged down to 67.2%. Strength in the recovering motor vehicle and parts and travel services sectors drove growth in Canada’s international trade throughout 2023.
External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars. Canada trade balance for 2022 was $2.84B, a 1553.86% increase from 2021.
