CETA meaning in Governmental ?

Answer:

What is Comprehensive Economic and Trade Agreement mean?

The Comprehensive Economic and Trade Agreement (CETA) (unofficially, Canada–Europe Trade Agreement) is a free-trade agreement between Canada and the European Union. It has been provisionally applied, thus removing 98% of the preexisting tariffs between the two parts.

The negotiations were concluded in August 2014. All 27 European Union member states and former member state United Kingdom approved the final text of CETA for signature, with Belgium being the final country to give its approval. Justin Trudeau, Prime Minister of Canada, travelled to Brussels on 30 October 2016 to sign on behalf of Canada. The European Parliament approved the deal on 15 February 2017. The agreement, being a mixed agreement, is subject to ratification by the EU and all EU member States in order to be fully applied. Until then, substantial parts are provisionally applied from 21 September 2017, excluding investment protection. It might only fully enter into force if, additionally to the national ratifications, no adverse opinion on the dispute resolution mechanism was given by the European Court of Justice following a request for an opinion by Belgium. The European Court of Justice has stated on 30 of April 2019, in its opinion 1/17, that the dispute resolution mechanism complies with EU law. The agreement is still only provisionally applied, because only 16 EU member States have ratified the agreement so far.

The European Commission indicates the treaty will lead to savings of just over half a billion euros in taxes for EU exporters every year, mutual recognition in regulated professions such as architects, accountants and engineers, and easier transfers of company staff and other professionals between the EU and Canada. The European Commission claims CETA will create a more level playing field between Canada and the EU on intellectual property rights.

Proponents of CETA emphasize that the agreement will boost trade between the EU and Canada and thus create new jobs, facilitate business operations by abolishing customs duties, goods checks, and various other levies, facilitate mutual recognition of diplomas and regulate investment disputes by creating a new system of courts. Opponents consider that CETA would weaken European consumer rights, including high EU standards concerning food safety, and criticize it as a boon only for big business and multinational corporations, while risking net-losses, unemployment, and environmental damage impacting individual citizens. The deal also includes a controversial investor-state dispute settlement mechanism which makes critics fear that multinational corporations could sue national governments for billions of dollars if they thought that the government policies had a bad impact on their business. A poll conducted by Angus Reid Institute in February 2017 concluded that 55 percent of Canadians support CETA, while only 10 percent oppose it. The support, however, has waned when compared to the poll conducted in 2014. In contrast, the North American Free Trade Agreement (NAFTA) has a 44 percent support rate among Canadians in February 2017. In contrast to Canada, the agreement has prompted protests in a number of European countries.

reference

Full Form	Category
Cetacean Education Through Awareness	Academic & Science
Carolinas Educational Technology Alliance	Academic & Science
Calcutta Electric Traders Association	Business
Cleaning Equipment Trade Association	Business
Controlled Environment Testing Association	Business
Collinsville Equestrian Trail Association	Community
Changing Education Through Arts	Community
California Educational Theater Association	Community
Changing Education Through the Arts	Community
California Educational Theatre Association	Community
Caribbean Evangelical Theological Association	Community
College of Engineering Technology and Architecture	Computing
Common Elements Treatment Approach	General
Construction Education and Training Authority	General
Classroom Environment and Teaching Assessment	General
Collectors Edition Trans Am	General
Crew and Equipment Transfer Aid	General
Centre d'Etudes Techniques Automotion	General
Collector Edition Trans Am	General
Commemorative Edition Trans Am	General
Camara Empresaria de Turismo Por Autotransporte	General
Crew and Equipment Translation Aid	General
Comprehensive Economic and Trade Agreement	Governmental
Central Excise Tariff Act	Governmental
Clean Energy Transformation Act	Governmental
Comprehensive Employment Training Act	Governmental
Comprehensive Employment and Training Act	Governmental
Civilian Electronics Technician Afloat	Governmental
Comprehensive Economic and Trade Agreement (Canada-EU)	Governmental
Comprehensive Economic Trade Agreement	Governmental
Care Enough To Act	Governmental
Chinese English Translation Assistance	International
Centro de Estudios Tecnológicos Agropecuarios	International
Canada EU Trade Agree	Regional