ECSA: EU-Canada Trade Deal to Benefit Maritime Transport

The lengthy negotiations regarding the EU-Canada Comprehensive Economic and Trade Agreement (CETA) have concluded as the Belgian regional authorities reached an agreement on the matter.

European Community Shipowners’ Associations (ECSA) has welcomed the outcome of the negotiations, adding that the trade agreement is expected to “greatly benefit the maritime transport sector.”

“More and smoother trade means more and better maritime transport operations, shipping being the main vector of trade. The agreement importantly also ensures open market access with regard to international maritime transport services,” Patrick Verhoeven, ECSA Secretary General, said.

He added that this agreement is one of the first to conditionally open some feeder services, transportation of empty containers and dredging services.

“These were important achievements the negotiators obtained and bring EU and Canada closer to similar and fairer market conditions – given the EU market is almost completely free, with some very few conditions,” Verhoeven said.

Shipping today transports more than 80% of global trade around the world.

ECSA hopes to see the other ongoing free trade discussions ending in similarly mutually benefiting conclusions, as the free trade agreements such as CETA, TTIP, TiSA and the EU-Japan FTA will “create a better and more stable environment for shipping companies and other partners.”

Share this article

Follow World Maritime News

In Depth>

Events>

<< Sep 2018 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

CWC World LNG & Gas Series: 10th Asia Pacific Summit

Bringing together the key LNG buyers and sellers from across the globe, the Summit provides…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

Defence Safety Conference Supported by The Defence Safety Authority, UK MoD

The Defence Safety Conference is the first of its kind exclusively dedicated to safety across the defence domain…

read more >

Singapore International Bunkering Conference and Exhibition (SIBCON)

The 20th edition of the Singapore International Bunkering Conference and Exhibition (SIBCON) will be about inspiring change…

read more >