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2022•Oxford University Press eBooksRequires access

Trans-Atlantic Trade

Colin M. Brown, Sylvie Tabet

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Abstract

Abstract bstract: The Comprehensive Economic and Trade Agreement between Canada and the European Union and its Member States (CETA) is the only modern instrument governing trans-Atlantic trade that bridges differences between European and North American approaches in trade agreements. This Chapter analyses that agreement, looking at the innovative approaches that are taken and how they interact with and the effect they have had on Canadian and EU policy more generally. The chapter also examines the procedure for the implementation and ratification of CETA. The conclusion and ratification of CETA raised a number of legal issues, in particular with respect to the scope of the European Union’s powers to conclude broad and comprehensive free trade agreements (FTAs) including investment protection provisions.

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What this paper is about

Abstract bstract: The Comprehensive Economic and Trade Agreement between Canada and the European Union and its Member States (CETA) is the only modern instrument governing trans-Atlantic trade that bridges differences between European and North American approaches in trade agreements. This Chapter analyses that agreement, looking at the innovative approaches that are taken and how they interact with and the effect they have had on Canadian and EU policy more generally. The chapter also examines the procedure for the implementation and ratification of CETA. The conclusion and ratification of CETA raised a number of legal issues, in particular with respect to the scope of the European Union’s powers to conclude broad and comprehensive free trade agreements (FTAs) including investment protection provisions.

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Available abstract

Abstract bstract: The Comprehensive Economic and Trade Agreement between Canada and the European Union and its Member States (CETA) is the only modern instrument governing trans-Atlantic trade that bridges differences between European and North American approaches in trade agreements. This Chapter analyses that agreement, looking at the innovative approaches that are taken and how they interact with and the effect they have had on Canadian and EU policy more generally. The chapter also examines the procedure for the implementation and ratification of CETA. The conclusion and ratification of CETA raised a number of legal issues, in particular with respect to the scope of the European Union’s powers to conclude broad and comprehensive free trade agreements (FTAs) including investment protection provisions.

Key concepts: Ratification, International trade, European union, Scope (computer science), Member states, Investment (military), Free trade, International economics

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