Blog 2 Trevor and Katelyn

Canada and Canadian companies can greatly benefit from the introduction of CETA. With this new trade agreement, the doors have been opened for Canadian companies to sell their products and services in the EU without tariffs or quotas being imposed on their products. This is also the case for imports from the EU. Now Canadians are able to import European products and services into Canada without having to pay tax on top of the price of the product. These factors facilitate trade to a level that wouldn’t be possible without a trade agreement of this nature. Easier access to this market, gives Canadians and their companies the ability to reach over 500 million people that make up the EU population. With a larger market there can be some challenges that face Canadians and their companies. Now, there will be an increase in competition coming from European companies. Due to CETA, it is now just as easy for a European company to sell in Canada as it is for a Canadian company. Counter to this though, now Canadian companies can sell their products in Europe just as easily as European companies. With every trade agreement comes some hardships or compromises, but the benefits far outweigh the negatives in the case of CETA. As students, can you think of ways that we are affected by CETA in our day to day lives?

Below is a picture of the barrels that are currently storing wine from Weingut Wieniner. They are held in these barrels for up to 2 years and then mixed together to be bottled and sold. With the introduction of CETA, winemakers like Fritz Wieninger are now going to be able to sell his wines in Canada at a lower cost for himself and the consumers.