CETA Will Have Positive Global Implications
An agreement in principle has recently been signed between the Canadian Government and the European union which aims to establish free trade between the country and the EU. The Comprehensive Trade Agreement (CETA), along with the previously established North American Free Trade Agreement (NAFTA) will provide Canada with open trade access to more than half of the world’s economy and with 42 countries taking part.
Blackline GPS, a member of the Canadian Manufacturers and Exporters (CME), will stand to benefit from this trade agreement. Having previously established a European division, Blackline GPS has begun exporting its Lone worker and GPS tracking technologies to the continent. With the ratification of CETA, Canadian businesses like Blackline GPS will be permitted to ship manufactured goods across the Atlantic without incurring tariffs on the imports. The elimination of these tariffs will drive greater revenue for sales in Europe across sales channels.