IN FOCUS / 2016-09-01
Free trade agreement CETA: trade with Canada up about 70% since 2005
While the EU and the USA are still negotiating the transatlantic trade agreement TTIP, CETA negotiations with Canada have already been completed. However, before CETA can actually enter into force, the national parliaments, among others, still have to assent to the agreement.
In 2015 Canada ranked 31st among Germany's most important trading partners: according to provisional results, goods to the total value of 13.9 billion euros were traded between the two countries. This was an increase of almost 70% compared with 2005 (8.2 billion euros).
On the whole, Germany exported goods worth 9.9 billion euros to Canada in 2015. Major export goods included motor vehicles, trailers and semi-trailers (2.9 billion euros) and machinery (1.6 billion euros). Imports from Canada amounted to approximately 4.0 billion euros. The most important import goods were ores (646 million euros).