EU-Canada: deepening economic relations

The European Union (EU) is negotiating a Comprehensive Economic and Trade Agreement (CETA) with Canada, moving beyond the 1976 Framework Agreement for Commercial and Economic Cooperation. The last round of negotiations - launched in 2009 - took place in Ottawa in April 2011 and the two sides are aiming to conclude talks by the end of 2011. Canada is currently the EU's 11th most important trading partner, while the EU is Canada's second most important one.