It cuts tariffs and makes it easier to export goods and services, benefitting people and businesses in both the EU and Canada. Canada struck a trade deal with the EU, known as CETA (Comprehensive Economic and Trade Agreement), in 2017. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a free trade agreement between Canada and 10 other countries in the Asia-Pacific region, including Australia, Brunei, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. Canada Page Content Under the Canada-Australia Trade Agreement (CANATA), goods that are the produce or manufacture of Canada are afforded concessional duty rates on entry into Australia, providing they satisfy the Rules of Origin agreed to under that agreement. With a free-trade agreement with the US receding into the distance and the possibility of a no-deal Brexit rising, Britain is still searching for a role in the world. CETA entered into force provisionally on 21 September 2017, meaning most of the agreement now applies. Canada is an attractive market for Australian companies to set up, not only for the opportunities in the Canadian market, but also for the access it provides to the US and Mexican markets under the Canada-US-Mexico free trade agreement. “Today, Canada and Australia announced a partial agreement regarding Australia’s World Trade Organization challenge against Canada, DS537: Canada—Measures Governing the Sale of Wine. A Canada-style deal: Zero tariffs, zero quotas but only on goods. If the UK moved to trade with the EU under “Australian terms”, it would have no favourable access to the EU market. Officially known as the EU-Canada Comprehensive Economic and Trade Agreement (CETA), the agreement was signed in October last year and entered into force provisionally last month. China-Australia Free Trade Agreement: Implications for Canada 7 China’s exclusion of wood and paper products from the any immediate negative impacts on Canadian exports, but agreement should be noted, considering the importance also indicates potential limits to any future negotiation by of this export for Canada. This is because the EU does have a few agreements in place with Australia that it would not have with the UK in the event of a failure of the trade and security negotiations. Free trade agreements provide a mechanism for the facilitation of trade in goods. What exactly do Canada and Australia-style trade deals involve and how feasible are they? While Australia is currently negotiating a free trade agreement with the EU, it does not yet have one. CANZUK International is the world’s leading advocacy organisation promoting facilitated migration, free trade and foreign policy coordination between Canada, Australia, New Zealand and the United Kingdom. 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