Thanks to CETA, trade in goods between the European Union and Canada increased by 75% in less than a decade.
Foreign AffairsInternational
- Omissions
- The official figure is 'more than 76%' for trade in goods (2016-2025), slightly above the 75% stated; the claim rounds down.
- Trade in services grew even more strongly (around 90%) over the same period, which the claim omits.
- The exact percentage depends on the metric and endpoint: the official ex-post evaluation reports a 71% increase in total bilateral trade for 2016-2023, and the Canadian government reports a 63% increase in bilateral trade in goods for 2024 versus the pre-CETA level; the 75-76% figure corresponds to the most recent 2016-2025 goods comparison.
- The causal attribution 'thanks to CETA' is supported by the European Commission's own ex-post evaluation, but part of the growth is also driven by other factors (inflation, exchange rates, post-COVID recovery).