CETA is the free trade agreement that was recently ratified between Canada and the EU. With the exception of a few agricultural goods, CETA will essentially eliminate the customs duties on all imports from a European Union (EU) country or other CETA beneficiary, either immediately upon implementation of the agreement, or through a tariff phase-out.
The required proof of origin needed under CETA is referred to as the Origin Declaration, which is different from a NAFTA Certificate of Origin. In order to claim the preferential tariff treatment accorded under CETA, importers must have the Origin Declaration completed by an EU Country Exporter or other CETA beneficiary of export, as well as any necessary permits.
An Origin Declaration example is contained in Annex 2 of the Protocol on Rules of Origin and Origin Procedures. This Origin Declaration may be provided on an invoice or any other commercial document that describes the originating product in sufficient detail to enable its identification.
Is CETA right for you?
If you are importing originating goods from the 28 European Union countries, you may benefit from the Canada-EU CETA duty relief.
Here are 18 questions you may want to consider as an importer looking to take advantage of the new CETA benefits.