Germany’s Bundestag, the lower house of parliament, voted last week to approve the ratification of the Canada-European Union (EU) free trade agreement.
The Comprehensive Economic and Trade Agreement (CETA) provisionally came into effect five years ago, on September 21, 2017.
Most of the economically significant parts of the agreement – including tariff reductions, quotas, service commitments, temporary entry commitments and government procurement obligations – have been applied.
The Agreement is expected to come into full effect when all EU Member States have completed the ratification process. So far, 17 of 27 EU Member States have ratified CETA. Canada has already ratified CETA.