The Canada-European Union (EU) Comprehensive Economic and Trade Agreement (CETA) is a free trade agreement between Canada and the EU. Negotiations began in 2009 and the agreement came into effect provisionally on September 21, 2017.

CETA aims to eliminate nearly all tariffs on goods traded between Canada and the EU, while also opening up new markets and opportunities for businesses and investors on both sides of the Atlantic. The agreement covers a wide range of sectors, including agriculture, telecommunications, and financial services, among others.

In addition to tariff reductions, CETA also includes provisions aimed at protecting intellectual property rights, promoting sustainable development, and ensuring fair competition. The agreement also includes a chapter on government procurement, which gives Canadian and EU businesses access to government procurement opportunities in each other`s markets.

CETA has been lauded as a landmark agreement for both Canada and the EU, with proponents arguing that it will lead to increased trade, investment, and job creation. However, the agreement has not been without controversy, with some critics arguing that it could lead to job losses and lower environmental and labour standards.

Despite these concerns, the EU and Canada have continued to work towards fully implementing CETA, with the aim of creating a more integrated and prosperous transatlantic market. As the agreement continues to be implemented, it will be important for businesses and policymakers to monitor the impact on both sides of the Atlantic and make any necessary adjustments to ensure that the benefits of free trade are shared fairly.